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Deflationary fallout begins to emerge in this one place no one was expecting.

Eurodollar University

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The Importance of Manufacturing PMI in China's Recovery

The PMI had surged to 58.2 in March, which was the highest since 2011. New orders dropped down a little bit to 56 employment. The fact that China's both PMIs are going down indicates that maybe China's businesses aren't really sold on the recovery reopening rebound as much as the media is.

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