Kyle Bass: China Running out of Dollars
“In four short years, their imports of crude have gone up 50%”
“In four short years, their imports of crude have gone up 50%”
Four of the five most expensive cities can be found in California
The significance in this era of monetary policy is not in central banks extreme responses to the Financial Crisis, but their subsequent refusal to normalize that policy at any cost, however modest
India is expected to reach ‘peak population’ in the late 2050s at around 1.7 billion people
Over 15,000 Chinese HNWIs chose to migrate to other countries in 2018 – the most significant migration of any country
The United States is the world’s largest exporter of agricultural products
Meanwhile, inflation adjusted GDP has grown over 232%, inflation adjusted GDP per capita has grown 113%, and the S&P 500, adjusted for inflation, has grown 299%.
“Every rally in China is credit soaked. This one is particularly so”
“30 years of low interest rates in Japan is no longer accommodative. It’s actually restrictive”
Whether looking at GDP growth, corporate profits, or even the S&P 500, the current expansion has been among the weakest in post-war history