Peter St Onge Podcast
Episode 22: Weekly Roundup 09.18.2023
Sep 18, 2023
China's declining birthrate and its potential implications, Europe's rising inflation and dissatisfaction caused by Joe Biden's actions, the debate on rate hikes and inflation in the US, parallels between the fall of Rome and the collapse of New York City due to economic mismanagement and political corruption.
23:59
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Quick takeaways
- China's future growth and ability to overtake the US is in doubt due to deep-seated structural issues and a shrinking population.
- The US is facing a looming debt crisis, with $7.5 trillion of interest-bearing public debt coming due, leading to potential economic consequences.
Deep dives
China's Economy and Future Outlook
Bloomberg's report highlights deep-seated structural issues in China's economy, leading to doubts about its future growth and its ability to overtake the US. The report points out that China's rapid collapse in manufacturing and property sectors, coupled with its shrinking population due to the after-effects of the one-child policy, may already indicate that China has reached its peak of power. Despite the challenges, China's potential to bounce back is not ruled out if it adopts more free-market policies and if the West reverses its descent into socialism.
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