from WallStForMainSt
Jason Burack of Wall St for Main St interviewed one of the most respected China experts among financial professionals, Managing principal and Chief Strategist at Macrolens, LLC https://macrolens.com/, Brian McCarthy.
Brian’s superb Real Vision TV interview recorded in November 2019 about the Chinese economy has almost 300k views on Real Vision TV’s YouTube channel. Watch the interview here: https://youtu.be/Za_Ag975dJs
During this 40+ minute interview, Brian gives master level knowledge about the Chinese economy and how the Chinese economy has changed a lot, especially with its foreign exchange reserves and the amount of credit since the Chinese government announced a massive stimulus package in 2008-2009.
Jason asks Brian about China’s dollar denominated debt problems and why the PBOC and CCP are scared to do a lot more stimulus in the Chinese economy.
Brian lays out a clear thesis over many minutes why the Chinese economy is now in peril with a strong Dollar and their credit growth for the last 10+ years, why the Chinese government has not done more economic programs to combat the economic damage from the coronavirus and why the US and China have a messy divorce (de-globalization) that is only going to accelerate in the years to come.
Additional Reading About Recent Events In The Chinese or Hong Kong Economy:
1) Coronavirus: China job listings tumble by 27 per cent in first quarter as economic toll of pandemic mounts https://www.scmp.com/economy/china-ec…
2) Mainland Chinese investors are selling Hong Kong property after China reports first GDP contraction in four decades https://www.scmp.com/business/article…
3) HSBC Asia investment bank head takes sabbatical as part of latest management shake-up https://finance.yahoo.com/news/hsbc-a…
4) HSBC Cuts Top Investment Bank Jobs Despite Wider Firing Freeze https://money.usnews.com/investing/ne…
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