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Tidbits, Jim Jordan, Markets & Rain Days Update 10/16/23


Iran announced yesterday in the UN in New York, Iran it will not defend Hamas, saying "the resistance can defend themselves. Iran's armed forces will not engage, provided that the Israeli apartheid does not dare to attack Iran, its interests, and nationals."

Wednesday will see the release of Chinese September unemployment, industrial production, retail sales and business investment figures, but more importantly, third-quarter GDP. The market sees China’s GDP equals future demand for raw materials for industry and food.

China’s commercial property debt problems, the threat of deflation, high youth unemployment, foreign outflows from Chinese stocks and bonds, and the exchange rate's slide to a 16-year low are well documented. How much damage will all that do to China's growth in the third quarter?

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