Speak The Truth...Almost

| March 05, 2019
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The economic data we get out of China may not be the most accurate.

However, China’s Premier Li Keqiang opened the National People’s Congress by pulling no punches:

He announced the weakest growth targets in 30 years of 6-6.5% GDP.

This is on the heels of the weakest PMI data of this cycle.

He then had this to say, “We will face a graver and more complicated environment as well as risks and challenges…we must fully prepare for a tough struggle.”

So they announced a tax cut; however, this pales in comparison to the Shanghai Accord from 2016.

Finally, his ambassador to the US capped it off with this line about a ‘Trade Deal’ with the US, “Reforms that would have to go through China’s regulatory process could take anywhere from five to 10 years to accomplish.”

Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O

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