China’s Growth Model and Protectionism Michael Pettis pointing out the challenges of China’s push into more manufacturing stimulus and a not dissimilar thread from Adam Wolfe who points out the issues with manufactured goods deflation meaning the “cost disease” implies China’s surplus cannot inflate indefinitely.
fwiw i regard exogenous shocks like wars in Ukraine and now Israel as much better indicators of inbound recessions than efforts at macroeconomic sectoral analysis.
fwiw i regard exogenous shocks like wars in Ukraine and now Israel as much better indicators of inbound recessions than efforts at macroeconomic sectoral analysis.