Bonus Quote of the Day: Look For More Stimulus From China

Just read through the summary commentaries on China from folks the article called “the world’s most prominent China watchers”. Much of the commentary jibes with ours; that China has major structural issues and that, as I suggested in today’s (client-only) video, there’s very likely some market-friendly stimulus on its way — that’ll likely do little for the real economyI.e., the late-cycle stuff we’re seeing virtually everywhere.

Here’s from the commentary of economist Diana Choyleva:

“Our read is that the market has pushed their earlier China
worries to the back of their mind. But those will resurface
during 2020 as Beijing goes for a credit-fueled investment
boost, raising investor debt concerns again after the likely
initial positive response to more stimulus.”


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