Tuesday, February 19, 2019

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What is GDP in China? (Link) 
"And yet, when you speak to Chinese businesses, economists, or analysts, it is hard to find any economic sector enjoying decent growth. Almost everyone is complaining bitterly about terribly difficult conditions, rising bankruptcies, a collapsing stock market, and dashed expectations. In my eighteen years in China, I have never seen this level of financial worry and unhappiness." - Michael Pettis

A building binge leaves cities with 65 million empty apartments (Link)

A record number of Americans are 90 days behind on their car payments (Link)
More than 7 million Americans are at least 90 days behind on their auto loans, according to the New York Fed. That's higher than the peak in 2010 as the country was still reeling from the devastating financial crisis.