Recessions start in the more volatile, higher stages of production and work their way through the economy like a pig in a python. China's manufacturing sector is contracting, the heavy industry and resource extraction provinces are in recession. There will be no painless rebalancing.
Lumbering Giant
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FEEDI heard a fellow on the radio singing the praises of the U.S. growing
at a blistering 1.6% rate. I guess any news is good news in an election
year, right?
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