🇺🇸 Kyle Bass 🇹🇼 on Nostr: It’s pieces like this from @ChinaPowerCSIS that give ‘analysis’ a bad name. PPP ...
It’s pieces like this from @ChinaPowerCSIS that give ‘analysis’ a bad name. PPP reporting is a fool’s errand (and furthers the Chinese govt narrative). The denominator in the calculation is essentially *reported* goods inflation. And on the currency side, China has a CLOSED CAPITAL ACCOUNT. Just imagine where the RMB would be if Xi allowed his people to freely exchange RMB for dollars and invest and spend abroad. China’s PPP number would be down 40%-50% from here. China has chronically (and intentionally) underreported and manipulated (slave labor, electricity subsidies, etc) inflation to help propagate a falsehood.
Published at
2024-04-25 22:41:18Event JSON
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