Brother, if you ever want to do a deep dive on China let me know.
Discussion
what do you have in mind?
Citadel Dispatch….I did John Vallis a month or two back.
I wanna know why Evergrand blowing up never made a big a splash as everyone was thinking!
Probably this:
Easy. Because it’s quasi-Chinese State owned. And also real estate is central to the China “growth” story.
Would this policy not qualify as massive easing? I guess the real question for the CCP and all central planners is can you effectively isolate these large pools of stimulus money from the poors.
Not exactly. The “pain trade” isn’t just centred on a single player like the Fed in the States. When shit goes south here all parties pay part of the price.
Of interest, the Central government is moving to address financial friction costs hitting the average Chinese citizen. Then there’s the “common prosperity” concept. Suffice it to say losses are socialised in the most genuine sense. Not just the “poors”. All parties pay a price.
I'll have to chew on that for a bit... link a podcast; I'm interested to hear more
Have only done one pod thus far. Linked below. Aim is to do many more. If you haven’t picked up, am furious at how the Americans - of which I am one - have handled the China relationship.
Enjoyed this talk! 🤙💜🧡
Good to hear. Am working overtime to extend the reach to other podcasts. There is a massive disconnect when it comes to how #china is framed in the West. Not that the critiques are wrong, rather that they are woefully incomplete which I probably highlighted in my talk with #[5]
Looking forward to seeing more from you!
The disconnect is real and I can't help but think that it has been conditioned into the narrative and eventually becomes "normal thought" or the accepted social position, without anyone questioning or delving deeper towards the truth, whatever that may be.
I couldn’t have summarized it any better myself. Spot on.