Friday cranker, page-49

Hey 64

Apologies if this is off topic for the XJO thread, Asia/world markets GDP and Deflation trends. Should fit. Long article but full of interesting charts. Even the recently outperforming India is part of the malaise.

Not one of the good news stories that you used to pepper the pre-market with, but interesting nonetheless.

China Spreads deflation across East Asia

TBH, the following sentence was one of the reasosn I posted. How often do you get a newspaper throwing around adjectives like Sisyphean?

These countries face a Sisyphean Task. They are trying to deleverage, but the slowdown in nominal GDP caused by falling inflation is always one step ahead of them. “Debt to GDP has risen despite these efforts,” he said. If this sounds familiar, it should be. It is exactly what is happening in Italy, France, the Netherlands, and much of the eurozone