Bloomberg (August 24)
“China’s economy is being strained by US tariffs and a deep-rooted property crisis, yet stocks are extending their bull run — a disconnect that’s stirring doubts on the rally’s staying power. In just the past month, onshore stocks have added almost a trillion dollars to their market value, the Shanghai Composite Index has hit a decade-high and the CSI 300 Index has taken its advance from this year’s low to more than 20%. That’s when nearly every recent economic indicator — from consumption trends, home prices to inflation — has brought red flags for investors.”
Tags: Bull run, China, Consumption trends, CSI 300, Disconnect, Doubts, Economic indicator, Economy, Home prices, Inflation, Investors, Market value, Property crisis, Rally, Red flags, Shanghai, Staying power, Stocks, US tariffs
Wall Street Journal (January 2)
Citing “red flags” like housing market decline, the spend down of pandemic savings, and tighter bank lending standards, “more than two-thirds of the economists at 23 large financial institutions that do business directly with the Federal Reserve are betting the U.S. will have a recession in 2023. Two others are predicting a recession in 2024.”
Tags: 2023, Decline, Economists, Fed, Financial institutions, Housing market, Lending standards, Pandemic savings, Recession, Red flags, Tighter, U.S.
