A space photo such as the one of China above is a convincing view of the level of industrial activity. Areas of industrial activity and the related energy use are lit up. The dark areas show a complete lack of industrial activity.
The Bottom Line
From the Wall Street Journal, September 8, 2019:
“…there is a growing belief among economists, companies, and investors around the world that the real picture is worse than the official data.”
Simply put, the Chinese government is lying.
It is well known that dictatorships show the world how and what these dictatorships want the world to see. They want investors so they entice them with rosy portrayals of economic reality.
Beneath China’s stable headline numbers, there is a growing belief that the real picture is much worse.
We will expand on the subject in tomorrow’s blog.
Please note that the Monday Morning Millionaire Program contains opinions only. It does not provide any investment advice or endorsements.