China's Monthly Exports Hit a Record, Well Above Any Previous Month, With Growth to Almost Every Major...

China's monthly exports just hit a record, well above any previous month, with growth to almost every major destination.
According to the author, China cannot sell enough at home, so it is selling everything to everyone else. A weak domestic economy is being papered over with an export flood reaching the U.S., Europe, and across Asia.
The author says this is overcapacity hunting for buyers, exporting deflation to the world and recycling the dollars straight back into U.S. assets.