As an Emerging Markets analyst, the issue on China has always been divisive. On one side, the bear points to high household and corporate leverage, alongside local government opaque finance vehicle that masks the true government borrowing. But on the other hand, the bull has gained the higher ground in the past decade as muchContinue reading “Key Points on China: The Bubble That Never Pops – Thomas Orlik”
Tag Archives: china
China: Peak Housing – Rogoff, K. S.
This piece is a summary of recent NBER paper by Kenneth Rogoff and Yuanchen Yang arguing that Chinese housing market fits the characteristics of a bubble and forms a significant portion of Chinese GDP. The original paper could be found: And the PDF version of this summary could be downloaded: Real estate and its associatedContinue reading “China: Peak Housing – Rogoff, K. S.”
Equity Signposts, Commodity Rebound and Chip Wars
Download PDF: 5 Signposts for Global Equity Recovery The decline in DXY of late has arguably help global equity grind higher amid easing financial condition. For long, we have been highlighting the widening valuation between U.S. equity and the rest of the world, which has gone much cheaper post-COVID19 correction. In-line with previous crisis experience,Continue reading “Equity Signposts, Commodity Rebound and Chip Wars”