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Michael Pettis on What Evergrande Means for China’s Macro Economy
Odd Lots
Is Now a Politically Expedient Time for China to Be Making That Adjustment Process?
Michael: It's easy for me to imagine, and again, i say this as outsider without really much perspective, we're back to like, real estate record in real estate prices hitting records. And so the question becomes, is now a politically expedient time for china to be making that adjustment process? I mean, your sort of asking the classic is a different this time question. But, i mean,to michael's long running point, the more you put it off, the worse it going to get, right?
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