Few certainties exist in life: death… taxes… and China lying about their economy.
Don’t let them fool you. China is slowing.
The People’s Bank of China (PBOC) recently cut rates as the Shanghai Composite continues to make lower lows. Combine that with slowing demand, evidenced by falling copper prices (among other indicators) and it’s easy to see through the Chinese government’s “all-is-well” mirage.
The rate cut especially is a sign that Hedgeye’s #ChinaSlowing call is the right one, according to Hedgeye CEO Keith McCullough
“It’s a move that confirms that the Chinese are starting to get nervous about what we’ve been telling you,” McCullough explains in the clip above.
Watch the above clip for more.
