An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Does this do a good job illustrating the problem with Chinese policy or illustrating the limits of MMT sectoral balance analysis?
The latter Ryan...“Chinese fortunes continue to wane with self imposed diminished fiscal and credit creation flows.”Credit creation Has been impeded by the bank of Chinas consistent reserve add all throughout this year with the big one week of Oct 7...Their Fiscal is probably fine... and they’ve recently recommitted to fiscal...
This is Monetarist: “Since July, the Yuan has gained a little more strength as one would expect when the money supply is restricted”And I thought CNY has generally weakened at least vs USD this year...
Mike keeps pounding the table that their growth is still 6.5%... so fiscal has to pretty good (as the monetary has been pretty bad...)
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Does this do a good job illustrating the problem with Chinese policy or illustrating the limits of MMT sectoral balance analysis?
The latter Ryan...
“Chinese fortunes continue to wane with self imposed diminished fiscal and credit creation flows.”
Credit creation Has been impeded by the bank of Chinas consistent reserve add all throughout this year with the big one week of Oct 7...
Their Fiscal is probably fine... and they’ve recently recommitted to fiscal...
This is Monetarist: “Since July, the Yuan has gained a little more strength as one would expect when the money supply is restricted”
And I thought CNY has generally weakened at least vs USD this year...
Mike keeps pounding the table that their growth is still 6.5%... so fiscal has to pretty good (as the monetary has been pretty bad...)
Post a Comment