Not sure how to say this more clearly. The current administration either:
1) does not understand basic finance and economics at all,
or
2) understands both perfectly.
It is #2 that terrifies me.
Great seeing you on here more regularly.
Next time you speak to Mike McGlone mention that his assessment of the Chinese bond market is entirely off the mark. Yields are collapsing for the single reason that bonds in China are the local TINA equivalent.
I say this while typing from Shanghai.
Next time you speak to Mike McGlone mention that his assessment of the Chinese bond market is entirely off the mark. Yields are collapsing for the single reason that bonds in China are the local TINA equivalent.
I say this while typing from Shanghai.
❤️2