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232 - China Syndrome 11.18.22

Grill Stream

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China, America, Consumption

China keeps wages low but there is no concomitant, easy credit. On the other side, US consumption is up. That ebb and flow cannot change if we don't change structurally. The only way to change that is to reintroduce movement in the system. And that means Chinese consuming more,. Americans consuming less.

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