MacroVoices #384 Darius Dale: Blow-Off Top Coming Before Bears Get Validated
Macro Voices
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The Probability of China Reopening Its Economy Back Into the Structural Liquid Trap
Before COVID, the narrative around China was this economy that had a debt overhang and it was contributing to below trend growth. In the absence of fiscal stimulus, which they continue to be reluctant to supply the market with in Beijing, they were very likely to reopen the Chinese economy back into that structural liquidity trap. And so we definitely make sure we monitor that alongside many other major economies in the context of our rate of change analysis. Right now, there's very few actually jumping off the screen right now, Brazil is kind of the only economy with some systematic trade ideas as a function of this process.
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