The chart of the week is courtesy Bloomberg and shows the maniacal credit boom in china. The credit to GDP ratio in China has breached historical levels and has entered into dangerous territory eclipsing levels seen before recent busts in 2008 and 2015. Another hard landing looks certain:
Altria's Marlboro Shipment Volume Plunges 8.7% In Q1 - What's Going On?
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Altria Group beats expectations with a 2.5% year-on-year sales growth to
$5.58 billion in Q1 FY24. Despite a decline in smokeable products revenue,
gains...
38 minutes ago