MacroVoices #346 Louis-Vincent Gave: The Xi Pivot vs. The Powell Pivot
Macro Voices
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The Zero-Covid Is a Policy Mistake of Epic Proportions
The zero-COVID has been a policy mistake of epic proportions. It's a policy mistake that needs to be put in at Xi Jinping's feet, whether he did it out of some sort of nefarious view or because he panicked. What matters is where do you go from here? Do you continue on the zero-CO VID mistake or do you start changing? In other words, what are we first likely to see? Are we first likelyto see a Fed pivot or are we firstlikely to see a Xi Jinping pivot? Arguably, we've seen massive policy mistakes all around the world.
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