"The credit boom is built on the sands of banknotes and deposits. ... If the credit expansion is not stopped in time, the boom turns into the crack-up boom; the flight into real values begins, and the whole monetary system founders." —Ludwig von Mises, Human Action
Sunday, November 22, 2015
2015-10 Relative Price Trends
In October, consumer prices increased by 1.3% from the same month last year, and purchaser prices decreased -6.9% over the same period. The rate for consumer prices was the lowest increase in five months, and the rate for purchaser prices was the lowest since 2009. Based on this metric, the Chinese business cycle is in its 47th month of contraction.