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:

China M1












M1 has hit the lowest level in more than a decade.

Think it doesn't affect stocks?  Guess again:

China M1, Shanghai Stocks

This is a close-up of China M1 with Shanghai stocks.

Oh well, China will stimulate, right?

China CPI

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.