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China data: Inflation Rate +3.8% YoY (3% last month), a material part a DOUBLING of pork 🐽 prices in October.
Yet Chinese PPI (i.e. prices from producers, e.g. factories etc) was -1.6% (-1.2% last month).
So inflation for consumers, deflation for producers
1/N
Yet Chinese PPI (i.e. prices from producers, e.g. factories etc) was -1.6% (-1.2% last month).
So inflation for consumers, deflation for producers
1/N
So China really needs to get pork prices down, it's by far the most popular meat there (China eats HALF the world's pork!).
And half their pig population has been decimated by swine flu (450 million pigs when at capacity, so half of these lost).
And pigs eat SOY BEANS...
2/N
And half their pig population has been decimated by swine flu (450 million pigs when at capacity, so half of these lost).
And pigs eat SOY BEANS...
2/N
China has been sorting soy bean deals with Russia, Argentina (some folk tracking shipments from S. America which are up a lot), although the MSM just talk about the #beandeal and nothing else...
China could do with more soy beans sure, but it doesn't HAVE to buy from US
3/N
China could do with more soy beans sure, but it doesn't HAVE to buy from US
3/N
