164.2 Beijing’s Sixth Plenum Confirms World Economy Stinks
———Ep 164.2 Summary———
Beijing reconfirmed what was made clear in 2017, during the 19th National Party Congress: the economic boom was over and it is time to prepare for it. If anyone in the West would care to listen, the Central Committee is referring not only to China but the entire global economy.
———Ep 164.2 Topics———
00:00 INTRO: China’s sixth plenum, economic activity in September, and broader monetary context
02:18 Are nations at the mercy of the eurodollar order? Who has the will to step away? China?
05:46 Are elites attracted to dictatorships? Or perhaps, merely an enlightened technocracy?
07:46 Technocratic stability is too strict to survive generational vicissitudes.
09:02 The Sixth Plenum re-confirmed the First Plenum’s 2017 decision that rapid growth ended.
14:18 How is the mainstream media characterizing the sixth plenum of the 19th committee?
16:01 Were Chinese retail sales “robust” in September and October 2021? Not. Not even close.
19:22 Will Europe and the United States tolerate a persistent, record Chinese trade surplus?
———Ep 164.2 References———
Chinese Ice Cream: https://bit.ly/3kPgTO4
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
RealClear Markets Essays: https://bit.ly/38tL5a7
———Show Sponsor———
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———Euro$U Team———
Jeff Snider, Head of Global Investment Research for Alhambra Investments. Illustrations by David Parkins, swine satire. Audio and video editor, The Terence. Logo design by pixelist Lisa Jiang. Master of ceremonies, Emil Kalinowski. Podcast intro/outro is “Different Days” by Chill Cole found at Epidemic Sound.
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