Risks Facing China Now That Its Minsky Moment Has Begun
There are significant risks that China will double down as it takes on excessive debt, invests in nonproductive enterprises, and experiences weak economic growth.
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There are significant risks that China will double down as it takes on excessive debt, invests in nonproductive enterprises, and experiences weak economic growth.
Using budget cuts to engineer a recession and tame inflation would adversely affect the middle class. There are ways, however, for policymakers to empower the middle class and disempower bankers.
Hi everyone. Quick heads up that later in this episode we ask our guest John Rogers a question about the stock of Viacom Corporation. Subsequent to recording the episode, Viacom’s stock got pulled down in connection with the implosion of the Archegos hedge fund. That explains why Viacom’s sharp recent pullback isn’t mentioned--it hadn’t happened at the time we interviewed John. Hope you enjoy the episode. Christine Benz: Hi, and welcome to The Long View. I'm Christine Benz, director of personal finance for Morningstar. Jeff Ptak: And I'm Jeff Ptak, chief ratings officer for Morningst...