China's macro environment remains exciting The year-on-year economic data published today from China in October show an interesting picture: on the one hand, industrial production rose by 5.3%, private consumption by 4.8% and at the same time real estate prices continued to fall dramatically. They fell by 5.9% in October YoY. This is a deflationary death spiral that the fiat money system and the lending banks cannot afford. So we can continue to expect big stimulus packages and bailouts for the banks in China! #China #economy #realestate #deflation #ccp #pboc #inflation #bitcoin