The news of the week is NOT the Fed cutting 50 bps - yes sure, that’s important but there is something much more relevant going on.
China and USA are in a battle for the world economy right now who will win?
reply
IDK...
I have friends in Shanghai doing pretty well these days. Does it just reach a point when everything just stops running? Or slow bleed kind of pain?
reply
The Chinese miracle is over
reply
"It’s because Xi Jinping wants to engineer a new ‘‘common prosperity’’ economic model which relies less on leverage, tech bubbles, bridges in the middle of nowhere and frothy house prices and more on internal consumption."
I am sure he already sold before he engineered this.
reply