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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (136167)10/19/2017 6:44:31 PM
From: TobagoJack  Respond to of 218646
 
re <<China's central bank warns of 'Minsky moment' as economy powers ahead>>

i greatly respect mr zhou xiao-chuan the china central banker. he is doing his job and has done well so far.

i have no respect for any other central banker currently serving around the planet.

i think his warning is timely, when it can and doubtlessly shall do some good.

i think there are many possible parallel-circuit triggers to minsky-oops.

global macro is okay, at the cost of ruining the middle- / savings-classes - neither are sustainable but both can be elongated beyond endurance of the too-many

shared lunch yesterday w/ my scottish mentor and his longtime partner, a japanese tycoon. both are 40+ years hk-resident. both keep track of events around the world, and both felt ...

- global economy is okay, but for unsustainable reasons
- geopolitics is dicey
- abe using external threats to maintain power
- europe a mess, and trending worse
- trump is a real estate man for whom everything is always beautiful, great, glorious, and next 'thing' habitually fantastic
- money-printing shall continue

as both are my seniors, i defer to their views, and take comfort that they feel the macro is not in imminent danger of collapsing

the japanese guy is gungho on belt & road initiative. the scott asking questions and getting answers.