Big Mac as a good PPP indicator is absurd. A publicity stunt meaning less than zero macro-wise.
How about those Chinese banks, PBOC, the so-called bazooka? Send your Chinese pals some of Rogoff's work proving conclusively that as stimulus is increased, it is less effective (but more expensive). Oh, no, the Fat Panda, who is not very sophisticated in this sphere, would not agree. And he's the last word.
Bazooka=spitball gun.
Huge amount of money that could have been used productively down the drain.
LOL!
And now auto demand is going down significantly on a global basis as Chinese manufacturers pump even more vehicles out, while yuan tanks. Not good. Build more, build cheaper, sell less for less for razor thin profits, if any.
What a business model!
Housing, banks, currency, autos, spitball bazookas, tariffs, no butter but lots of guns, One Child, lockdowns, youth unemployment while laying flat .....what utter mismanagement, proving (if it even needed to be proved) that top down macro management is arrogant, stupid, and ineffective even if it is ideologically sound per fables in Little Red Book.
How do you say "deflationary spiral" in Chinese? |
