It’s the always stimulus that never dies. The Chinese economic recovery is basically toast, via Capital Economics:
With people movement still weak and industry stalled, there is one bright spot as usual:
Can an economy survive on empty apartments alone? China is going to find out. The world is not supportive of anything else. Asia is buggered:
Europe is buggered:
The US is buggered:
It’s a depression.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Latest posts by David Llewellyn-Smith (see all)
- Mortgage rate hikes to blow froth off property bubble - May 14, 2021
- US travel rebound takes off - May 14, 2021
- Elon Musk may have just saved Bitcoin - May 14, 2021
YOU MAY ALSO BE INTERESTED IN
US travel rebound takes off
This is what happens when you have a competent
China yanks credit handbrake
Commodity prices are a bubble and the pin is
Daily iron ore price update (China census demographic doom)
The ferrous complex calmed down a little
China is a paper dragon
A terrific note from The Atlantic's David Frum