What China Can Teach Us About Economic Growth
After the enactment of US tax cuts supposedly comes infrastructure spending. As experiences go, the latter is likely to be a bigger booster for economic growth. While the US economy […]
China Throws A Wrench In The Dollar Bull Run
The market overwhelmingly assumes a continuation of a dollar bull-run. And there are indeed sound reasons for that. However, on closer inspection, the rationale might be less solid than meets […]
Trump Vs. China, Round One
Since China is considerably more dependent upon the US market, at first sight, it looks like the US is in a strong position versus China to deal with trade frictions. […]
When Will China’s Debt Problem Detonate?
Chinese debt, particularly its corporate debt, has been rising explosively and now stands at unprecedented levels according to basically any metric. The magnitude is such that many expect some kind […]
Dual Risk Out Of China
The largely state-owned industrial sector is plagued by overcapacity, large debt, deflation and declining credit quality. The Chinese authorities have three ways of dealing with this, restructuring, devaluation, or stimulus. […]