The four stages of Chinese growth
From the early 1980s until now China has grown at a pace not matched since the four decades Argentina enjoyed before the First World War. In spite of some fairly goofy attempts a few years ago,...
View ArticleCan Pedro Sanchez save the PSOE?
Last month Pedro Sánchez Castejón was chosen to be the new leader of Spain’s center-left Socialist Party (PSOE). El Pais called his appointment a “renewal” of the PSOE, although Sánchez seems to have...
View ArticleWhat does a “good” Chinese adjustment look like?
I have always thought that the soft landing/hard landing debate wholly misses the point when it comes to China’s economic prospects. It confuses the kinds of market-based adjustments we are likely to...
View ArticleChina’s stock markets and revisiting 2011 predictions
I plan to post a new entry very soon but before doing so I wanted to say a few things about the stock markets, which continue to be insane (but not unexpectedly so) and then repost a blog entry that is...
View ArticleDo markets determine the value of the RMB?
Last Tuesday the PBoC surprised the markets with a partial deregulation of the currency regime, prompting a great deal of discussion and debate about the value of the RMB. Part of the discussion was...
View ArticleWill China’s new “supply-side” reforms help China?
It wasn’t enough that we started 2016 with one of the worst weeks in the recent history of Chinese and global markets, but the panic continued into the following weeks and wreaked a great deal of...
View Article
