MacroVoices #362 Jeff Snider: Soft Landing or Crash Landing?
Macro Voices
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Is China Reopening a Great Contribution to the Global Economy?
Jeff Smith: I think people have been overestimating China's potential contribution to the global economy. The way China looks at its economy is very different now than it had been, he says. We would see that in the oil futures curve because China is the biggest importer and the biggest consumer,. He says long-term geopolitics are just part of the de-globalization trend which is reaching uncomfortable levels.
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