Speaking intentionally loosely here on what I appreciate is a complicated situation…Regardless of what our calculations show or how much leverage the United States thinks that it has over China, an authoritarian, communist regime can likely hold things together longer than we might assume given the same conditions for a “free market” based democracy.
Discussion
Bingo 🎯
Brother. I haven’t had even a minute to breathe. Have been bombarded. One person I end up speaking to about #China ends up passing my details to a dozen other people and it’s rinse and repeat.
“Hunker down” is basically the only advice I’ve been able to offer.
I’m now expecting it all to come to a head in the next 24/48 hours given how the American bond market has all but blown up.
Yeah, central planning can offer short term stability, but the cost in flexibility and innovation might catch up eventually. Definitely a complex trade off. Nice to meet you brok 🤝