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:
Bird Flu Virus Remnants Found In U.S. Milk Supply—FDA Says Milk Remains Safe
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A large outbreak of bird flu in dairy cows as reported late last month.
46 minutes ago