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

To: carranza2 who wrote (203440)	12/29/2023 6:11:33 AM
From: carranza2	Read Replies (1) \| Respond to of 217653

Michael Pettis, brilliant as ever, nailed it in 2022. Must read, especially for the c@dre of triumphalists present here. Lol! carnegieendowment.org In Youtube form if you prefer the audiovisual to reading: youtube.com

To: carranza2 who wrote (203440)	12/29/2023 7:40:15 PM
From: TobagoJack	Respond to of 217653

Two notes Re <<The problem for the world is that poor future Chinese economic fortunes will drive the CCP into tail-wagging dog territory military adventures to blame foreign devils for its failures. The typical response of failed dictatorships.>> Team China is one large domain that is currently not involved in ANY hot firefights. I shall puzzle that out over the holidays. Re <<The yuan’s share of international trade transactions is in single digits. The USD’s? Oh, about 85%.>> Team China does not wish to, and had explicitly state so, to have RMB replace the Dollar. My interpretation is that it is unwise to have one's currency being the reserve currency. However, it is astute to have one's trading done in own currency, best, or in the currency of the counterparty should such be acceptable. Re <<The Chinese economy has Long Covid.>> The economy is doing fine, and sailed through Covid without application of enormous debt. All good. Am unsure where the impression came from re China economy not fine. Sure, up and down, and currently down, but not a big deal, so fine.