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It seems that a Communist dictatorship pretending to be a proper business environment is starting to show cracks in the facade, as China (represented here by way of FXI) continues to crumble away. If a country fund looks THIS bad in a year which has been laughably and insanely bullish and overvalued, you can only imagine that a weak world market would be like. Of course, the most common theme for 2024 is to BUY CHINA since it’s so cheap. Well, prepare for it to keep getting cheaper.
The last splash of economic data from this week’s tidal wave was from Europe, and let’s just say the Continent continues to shrink in fiscal strength………
There simply are no words left at this point.
