Doom: The Politics of Catastrophe by Niall Ferguson review
(Evening Standard) – From plagues and volcanic eruptions to the current Covid pandemic, mankind has always been faced with catastrophes.
Thought Leader: Niall Ferguson
Peter Zeihan: The Downward Spiral of the Chinese Economy
From Peter Zeihan: If you ever need to make an online dating profile, be sure to add “long walks on the beach discussing the economic challenges facing China” to the list…I promise you’ll double the dates in no time.
The Chinese have been struggling with economic growth since the beginning of COVID, missing their growth rate target repeatedly and on the verge of a recession. Attempts to bail themselves out continue to fall short, likely because these stimulus measures do not address the core problems (that the population is aging and private consumption is plummeting).
That’s not even an exhaustive list either. The Chinese banking system is severely strained as well. With the government pushing for more lending at low/negative rates, the banking sector is in dire straits. Until major reform hits China, the spiral down will continue…and a larger financial crisis will continue to creep closer and closer.
Relevant posts
Feigenbaum: How China Wants High-Tech To Power Its Economy To The Top
Written by WWSG exclusive thought leader, Evan Feigenbaum. In mid-July, China concluded a pivotal economic strategy meeting, where it quadrupled down on technology as the…
Thought Leader: Evan Feigenbaum
Michael Baker: Ukraine’s Faltering Front, Polish Sabotage Foiled, & Trump vs. Kamala
In this episode of The President’s Daily Brief with Mike Baker: We examine Russia’s ongoing push in eastern Ukraine. While Ukrainian forces continue their offensive…
Thought Leader: Mike Baker
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Peter Zeihan: It’s Recession Time
Thought Leader: Peter Zeihan
Peter Zeihan: Should the US Stay in the Middle East?
Thought Leader: Peter Zeihan
Peter Zeihan: Tariffs, Manufacturing and PSAs
Thought Leader: Peter Zeihan