A Temporary Respite

/ October 15, 2021

In this week’s newsletter, Gavekal’s Will Denyer talks about how the US Treasury continues to grapple with figuring out how much money it should pump into the American economy. With the government already running a staggering deficit, how they decide to proceed appears to be a largely looming question for the precedent of American fiscal policy going forward.

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No Escape From The Evergrande Effect

/ September 24, 2021

China’s official debt-to-GDP ratio has surged by 45 percentage points since 2016, leaving it with one of the highest debt ratios for any developing country in the history of mankind. The Chinese property sector is particularly notorious for its addiction to debt and Evergrande, the most-indebted property developer in the world, has on-balance-sheet liabilities that amount to nearly 2% of China’s annual GDP.

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Saigon, Mosul Or Suez?

/ August 27, 2021

Situated at the gateway between Asia and Europe, Afghanistan has a long and unfortunate history of domination and strife by foreign conquerors and internally warring factions.

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Behind China’s Corporate Clampdown

/ July 30, 2021

Increased regulatory pressures from the Chinese government have created wild swings in Chinese equities of-late. Technology and education stocks have been hit hardest, as investors have weighed a series of announcements from Beijing aimed at increasing oversight in a wide range of sectors.

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