Chinese Economy Nearing A Reckoning
Mr. X
May 17, 2022
“Last year, China faced an existential economic crisis. While the government overcame it, the reckoning could have been simply delayed, not prevented.”
“Last year, China faced an existential economic crisis. While the government overcame it, the reckoning could have been simply delayed, not prevented.”
“The Fed’s challenge isn’t so much containing runaway growth but preventing stagflation.”
“Is this it? Is this the fabled collapse of the dollar and the end of the American world order. Is it the rise of currency free from any government’s control?
Far from it.”
“President Vladimir Putin will call for mass mobilization of Russia’s population, possibly even a declaration of war, at the Victory Day parade.”
“It’s hard to overstate the importance of this shift.”
“The tight labor market is giving labor a great deal of power, and companies that were built in what seemed like a post-union era are now having to deal with massive unionization drives. Republicans may benefit most as capital comes crawling back to the conservatives.”
“Think of the vast social movements that have been set in motion through Twitter and it’s ability to direct the masses in an almost coordinated fashion. It determines what is news and what is not. That power is priceless.”
“It’s not just about statistics and technical figures. There’s the irrational, human factor that must always be considered. One can never neglect the importance of personality. And the personal is always political.”
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