Key Points on China: The Bubble That Never Pops – Thomas Orlik

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”

Indonesia: An In-Depth Analysis

Download PDF: Preparing the Groundwork for A Takeoff Indonesia’s macro profile has significantly improved in the past decade despite still running fiscal and current account deficit. First, government spending has been reoriented toward building human and capital stock, supported by the country’s high savings rate, while public debt level remained among the lowest across EMContinue reading “Indonesia: An In-Depth Analysis”