THE BRIEF: Household deposits and home sales update, China's 70-City price change data, CNY weakness linked to sentiment, Youth unemployment situation and Notable reads
Trying to make sense of things
Today’s post has an update on the new household deposit and home sales chart we originally posted on January 10th. Basically, net deposits have flattened which has coincided with home sales halting their decline.
We think households would prefer to spend their high deposits on home purchases, but that is no longer a sure-bet. We’ve begun hearing people …