The China economic slowdown is well documented, and foreign investors have been notable net sellers of the country. This post looks at the economy’s overreliance on investments, the need to stimulate consumption and tactical near-term positives. As fundamental analysts that have followed China since the 1990s, The Dispatch can’t get excited about doubling down on […]
china macro
Peak Market Uncertainty in 2022
We face peak market uncertainty in 2022 as rate hikes give way to 2021’s easy liquidy. The Fed will stop expanding the balance sheet by March 2022 and it plans three rate hikes next year. This assumes core inflation falling sharply, whereas we see core inflation staying high even as headline inflation eases next year. […]