Never invest in China #5464: Olympics write-off

The only good thing I can say about it was that China got good flogging by Norway and the US beat them again:

Not that anybody cared:

Through Tuesday, according to The Associated Press, an average of 12.2 million watched the Olympics in primetime on NBC, cable, or its Peacock streaming service, a 42-percent dip from the 2018 Winter Olympics in Pyeongchang, South Korea. Only 10 million watched NBC alone, a 47-percent drop from 2018, and through early last week, it was down 57 percent in the critical 25-54 age demographic from the Pyeongchang games. That was even taking into account the Super Bowl viewership boost NBC got from airing the Olympics directly after the network aired the game on Feb. 13. –Fox News

Never invest in China.

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About the author

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.