My work on this earth may be nearly over -- or at least my work of the last 4ys could be in its final chapter.
The FT's Big Read is on the China sock 2.0 (one of my favorite phrases) and the pink paper endorsed the concept of "shadow reserves"!
1/
This is the definitive synthesis of the macro and the micro, of currency policy and industrial policy and much more
Great piece
2/ft.com/content/7d51a6…
"The country’s protracted property slump and weak social safety net have curbed consumer spending, resulting in zero inflation last year and an increasing reliance on external demand to prop up growth."
yep
3/
Well said
4/
Great detail
"In just one example, China’s Jaecoo 7 SUV, with a starting price of £29,000, became the UK’s best-selling car in March"
5/
Great policy maker quotes
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Grest former policy maker quotes
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Great use of data -- backed by ple ty of supporting anecdotes
8/
One of the best Big Reads of all time --
The thing to read to understand why the undeclared war with Iran cannot take the second China shock out of the newspapers/ why imbalances are back of the G7 agenda
9/9
ft.com/content/7d51a6…
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