On todays episode, Aidan Garrib Global Macro Strategy & Research at PGM Global joins the show for a deep dive into the Chinese economy.
We take a look under the hood into the shadow debt within China, the Governments crackdown on credit & Aidan's outlook for both Chinese equities & more broadly the economy. Finally, we shift over to the U.S and discuss the recent bond market sell-off. Have we seen enough pain for bond investors, or will recessionary headwinds lead to a rally in bonds? To hear all this & more, you'll have to tune in!
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Timestamps:
(00:00) Introduction
(00:35) Understanding The Chinese Economy
(07:13) China's Stock Market Has Been Flat For A Decade
(13:46) Understanding China's Shadow Debt
(19:01) China's Real Estate Bubble
(25:06) China's Crackdown On Credit
(28:19) Is There Systemic Risk In China?
(32:16) What's Happening With The Yuan?
(36:32) China Is In Recession
(43:47) China's Global Reserve Currency Ambitions
(50:05) Finding Opportunities In China
(57:37) The Bond Market Sell-Off
(01:03:50) The Outlook For Equities
(01:06:05) Is The U.S Heading For A Recession?
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Forward Guidance