PMI Shows Prices Up & Employment Down, China Banks See Deposit Flight

The S&P Global PMI came out yesterday and it was a worst of both worlds kind of report. Although the media narrative is pushing the “resilient economy” story, the actual data is showing prices continue to rise while employment continues to fall. In other words: Stagflation. Elsewhere Chinese banks saw record deposit flight last month as govt efforts to stimulate the economy by lowering interest rates saw investors parking their cash elsewhere. Support the Channel on Patreon: https:// Support the Channel by Buying Me a Coffee https:// Support the Channel with Melon Merch by TeeSpring: https://nobody-special-finance.creator-spring.com/ Join My Discord for More Discussion, Q&A, and News: https://discord.gg/njvf3DPPrF