China’s Deflation Trap | Brian McCarthy On The Popping Of The World’s Biggest Bubble Ever
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Timestamps;
(00:00) Introduction
(00:35) The Chinese Financial System Is A Giant Ponzi Scheme
(05:17) The Property Bubble In China Is Popping (It's Still In Early Stages)
(11:21) How The Chinese Banking System Works: Window Guidance > Forward Guidance
(27:02) VanEck Ad
(37:52) Views On The Chinese Stock Market
(38:12) The Chinese Yuan (RMB) Must Be Devalued In Order To Stimulate The Chinese Economy
(47:11) U.S. China Trade Policy, Under President Biden and Under President Trump
(52:03) Much Of China's Bank Equity Is "Going To Be Wiped Out"
(57:32) Why Would Chinese Communist Party (CCP) Not Stimulate Its Economy And Avoid Major Slowdown?
(01:04:25) McCarthy's Long-Term Thesis On China: "They Will Go The Japan Path"
(01:11:37) China's FX Reserves
(01:14:06) Why Can't China Reinflate The Property Bubble?
(01:17:31) Closing Thoughts On China
(01:19:46) Macro Implications Of China's Slowdown On Global Economy
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.