prc30 on Nostr: When an unstoppable force meets an immovable object. China policy has centered ...
When an unstoppable force meets an immovable object.
China policy has centered aggressively on deleveraging its economy. It shouldn’t be a surprise to anyone that a result of this is a decline in price levels.
Just as the credentialed class globally continues to scream that China needs to deploy a massive fiscal stimulus (and that isn’t going to happen) now we jjave over-the-top concerns of “growing deflation risk”.
China policy continues to run fully against that of Western G7 ideas. If you were to ask me, I actually believe that the folks in Beijing want to see deflation. Is it actually the boogeyman that all the economists have claimed it to be?
China policy has centered aggressively on deleveraging its economy. It shouldn’t be a surprise to anyone that a result of this is a decline in price levels.
Just as the credentialed class globally continues to scream that China needs to deploy a massive fiscal stimulus (and that isn’t going to happen) now we jjave over-the-top concerns of “growing deflation risk”.
China policy continues to run fully against that of Western G7 ideas. If you were to ask me, I actually believe that the folks in Beijing want to see deflation. Is it actually the boogeyman that all the economists have claimed it to be?