Hello,

the Rebel Capitals, hope you're well.

So we've got some big news out of China

and maybe even bigger news in the oil markets.

Let's head right over to CNBC

and check it out. I mean quite frankly guys China could be headed

directly towards deflation not disinflation but outright deflation and usually that ain't good for an economy that's based on

debt. So sometimes if we have productivity increases, deflation would be a good thing.

But this isn't because of productivity increases. This is because a massive real estate debt bubble

is collapsing in on itself so let's head straight

over to see and be see check out what's happening where did we go there it is

okay china's c p. p. p. i climbs by less than expected and you know all across the world

we're seeing this play out where the CPI is coming in low coming in low coming

in low and again's coming in low.

And again, you could argue that, well, this is due to things normalizing, this is due to

X, Y, and Z, but it also could be due to a massive economic slowdown, hard landing, recession,

whatever it is you want to call it.

Especially when you put this together with all the other data.

Because if we were creating more stuff,

creating more stuff, excuse me,

if we were producing more widgets,

then you would expect us to be using more energy.

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