Not disastrous but still soft for sure. Chinese new yuan loans were out for September with bank loans at 1.68tr yuan and total social financing at 2.27tr yuan:
The shadow banking share continues to slowly bleed lower:
Three month moving average loan growth fell sharply to 10%:
M2 lifted a little to 8.4%:
And the money chart, TSF plus bonds, is going absolutely nowhere:
Growth is going to slowly fade away on these numbers.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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