New home prices in China slid 0.8% in September.
It was the country’s first real estate decline in six years, triggered largely by the Evergrande fiasco. Residential sales, meanwhile, tumbled 17%.
Given China’s massive role in global trade, its problems could easily extend to the U.S. economy and spark something worse than inflation: stagflation.
Stagflation refers to an economy that’s experiencing…
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