Why is copper-to-gold so ugly and thoroughly deflationary? What's happening right now inside China is one key part of it. After a small artificial rebound earlier this - where have we heard that before - Chinese bank lending has fallen even more sharply this summer adding yet another layer to the tremendous deceleration we keep seeing across China this summer. Retail sales fell yet again and investment is crashing. Eurodollar University's Money & Macro Analysis In a world where markets swing on every headline, focus matters. That’s why Eurodollar University offers One Big Weekly Theme — a disciplined, thematic analysis you can count on. If you don’t have the time to go all the way to the depth of Eurodollar University’s comprehensive Deep Dive Analysis and want the next best thing, One Big Weekly Theme is for you. Ready to make your week count? Subscribe to One Big Weekly Theme today. You can sample the service or sign up and get started straight away. https//:eurodollaruniversity.substack.com CNN China expels two top generals from Communist Party in anti-corruption crackdown https://www.cnn.com/2025/10/17/china/china-communist-party-expels-military-leaders-intl-hnk Bloomberg China’s Lopsided Growth Puts Spotlight on Xi’s Five-Year Plan https://www.bloomberg.com/news/articles/2025-10-20/chinese-economic-slowdown-worsens-with-growth-weakest-in-a-year https://eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU
