China's balance sheet recession

Discussion in 'Markets & Economies' started by mmm....shiney!, Sep 17, 2024.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Richard Koo applying his theory to China's dilemna.



    It's also Jack Farley's last interview for Forward Guidance as he moves on to a new project which I welcome as it's been a fair while since I listened to his show. I'm wondering what his focus will be?
     
    mmm....shiney!, Sep 17, 2024
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  2. mybullion.com.au

    mybullion.com.au Well-Known Member

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    So Richard expects China to experience a lost decade similar to the one Japan did in the 90s. Remedy? More aggressive fiscal stimulus :confused:
     
    mybullion.com.au, Sep 17, 2024
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  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I haven't finished watching it as yet, but that could be what happens. Local government is heavily indebted and can't afford to go into more debt so I think Xi Jinping is willing to step in and borrow at the national level in order to prop up GDP.
     
    mmm....shiney!, Sep 17, 2024
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  4. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    BBC: China raises retirement age for first time since 1950s
    Source Link Plaintext: https://www.bbc.com/news/articles/c62421le4j6o
     
    Roswell Crash Survivor, Sep 20, 2024
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