zerohedge.com / by Tyler Durden / 10/15/2015 06:56 -0400
After two consecutive days of miserable Chinese econ data, when first imports and exports, and then wholesale deflation disappointed for one more month, overnight we got even more Chinese data this time on the “credi input end” when Beijing reported its September money creation statistics.
Overall M2 rose at 13.1%, in line with consensus, and the highest since June, but where things improved notably (if one considers an overindebted China rushing to add even more debt an improvement) was in total CNY loans which rose from CNY810BN to CNY1.05TN or CNY150 billion above consensus, as well as a jump in total social financing which printed at CNY1.3 trillion vs CNY1.3 trillion consensus, up over CNY200BN in the month, and the highest print since June.
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