Hello fellow rebel capitals hope you're well so we have got China is

absolutely in crisis mode right now I mean as Americans and most of you are kind of in English speaking countries we kind of get hyper focused on what the feds doing or what's happening in Europe maybe Canada maybe Australia we have to remember the second largest economy on the planet Earth is China.

And what is happening in China definitely matters not just for the global economy, but more specifically for the U.S.

economy.

So first and foremost, let's look at the details as to what's actually happening and

when I say they're in crisis mode I'm not exaggerating.

That's let's just go right over to see and be see and check this out.

China's economy is going through a slow painful grinding adjustment and I think that's putting it mildly if you guys saw the

thumbnail that was an actual chart of the 10-year Chinese government bond and you'll

notice that the yield is way lower now not just the same as the

GFC it's lower way lower in fact it's lower than COVID so if we are to believe that interest rates along into the

curve or long-term interest rates are an indication of growth and inflation

expectation, what is that telling you about the Chinese economy if the 10-year

Treasury yield is 40 basis points less than it was during the surveyor sickness?

And oh by the way, they're trying to prop it up as far as the yield.

More on that just a moment.

Key talking points following a slew of data released over the weekend from China that paint and by the way if you know they're

lying about it and they're giving you the data but if anything they're painting a much rosier

picture than reality let's just keep that in mind. Following a slew of data

released over the weekend from China that painted a fairly bleak outlook for its

economy, economists have tapered their expectations. bleak outlook for its economy. Economists have

Tapered their expectations for the country's full year GDP growth and by the way they're in deflation right now In fact, I didn't pull that up, but I should pull that up. Let me, Josh, can you pull up an article, please,

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