China Grinds To A Halt
Zerohedge has a fairly comprehensive report: China Reports Catastrophic Data: PMIs Crash To Record Low, Confirming Coronavirus Collapse . Here's just the first paragraph:
One week ago, ahead of today's Chinese data release which would for the first time capture the devastation from the coronavirus pandemic, we wrote that "to those who have been following our series of high -frequency, daily indicators of China's economy, it will probably not come as a surprise that the world's second biggest economy has ground to a halt , its GDP set to post the first negative print in modern history. To everyone else who is just now catching up, we have some news: it's going to be bad."
Read it all.
Here's another bit of interesting news, via Steve Sailer: Amazon Cancels International and Domestic Travel . Kiss a lot of that cheap counterfeit stuff from China goodbye.
Pretty big story, I'd say. A picture is worth a thousand words: