NY Times article about the Chinese economy from a week ago. Interesting read....

https://www.nytimes.com/2018/06/28/business/china-stock-market-economy-currency.html

A quote from the article:

As if investors did not already have enough to worry about in China, a deeply pessimistic internal government analysis has widely circulated on social media this week. The analysis was written by Li Yang, the chairman of the National Institution of Finance and Development, a Beijing-based research group, and by three other economists.

A person who picked up the phone at the think tank said that the document was genuine and that its release had not been intended.

The document said that with “the Federal Reserve’s interest rate hikes and the long-term and highly uncertain trade conflicts between China and the United States, we believe that in China there is currently a high probability of financial panic.”

I'm not a huge fan of our current tariff and trade talk, but I do believe China needs to solve this worse than the United States currently does.

I hope everyone had a good 4th of July and has an many fingers today as on Tuesday!