This is a good sign if accurate; they just have to lay off the monetary too...
China Likely to Rely on Fiscal Stimulus Measures for Economy - Bloomberg https://t.co/UeAB9gte3Z
— ShanghaiMarketTiming (@ShanghaiMT) November 1, 2018
China Likely to Rely on Fiscal Stimulus Measures for Economy - Bloomberg https://t.co/UeAB9gte3Z
— ShanghaiMarketTiming (@ShanghaiMT) November 1, 2018
3 comments:
Probably the best thing Chinese economists can do is to ignore Western economists...:-)
Has anyone at MNE read this blog?
https://deep-throat-ipo.blogspot.com/2018/10/when-will-xi-click-sell-button.html
He started I think with studying the financial statements of Alibaba and have come to the conclusion that it's a massive fraud and just a vehicle for Chinese elites to move money offshore.
Now he's moved onto other analysis, mainly that the RMB is very over valued and will lead to a significant crisis soon. I don't think he's in paradigm with MMT but he does mention something interesting which is that the CCP is desperately trying to hold up the RMB and not having much success, whilst the Americans are insisting that the Chinese stop manipulating (devaluing) the RMB.
What do you guys think?
If they are adding bank reserves by buying USDs with CNY while increasing their bid in CNY they as the CNY monopolist are decreasing the value of CNY in USD terms...
They probably don’t look at themselves as monopolists...
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