China M1 Hits Bottom, Digs
A graph is worth a thousand words. Here's three grand worth.
This graph charts China's M1, released last night:
M1 has hit the lowest level in more than a decade.
Think it doesn't affect stocks? Guess again:
This is a close-up of China M1 with Shanghai stocks.
Oh well, China will stimulate, right?
Not if China's CPI has anything to say about it.
The last time they stimulated their CPI was close to 2%.
It's 4.5% now, and blipping up.
All charts courtesy Bloomberg.