China’s “Balance Sheet Recession” Has Already Started | Richard Koo скачать в хорошем качестве

China’s “Balance Sheet Recession” Has Already Started | Richard Koo

Important news: this will be Jack’s last episode as the host of Forward Guidance. He is transitioning to host a new podcast called Monetary Matters:    / @monetary-matters   Felix Jauvin, macro trader and current host of “On The Margin,” will be the new host of Forward Guidance going forward: https://x.com/fejau_inc Richard Koo, senior adviser at CSIS, chief economist at Nomura Research Institute, and pioneer of the “balance sheet recession” phenomenon, explains why he thinks China’s balance sheet recession has already begun. Richard Koo’s latest book, “Pursued Economy: Understanding and Overcoming the Challenging New Realities for Advanced Economies”: https://www.amazon.com/Pursued-Econom... Richard Koo’s classic book, “The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession”: https://www.amazon.com/Holy-Grail-Mac... __ Follow Jack Farley on Twitter   / jackfarley96   Follow Forward Guidance on Twitter   / forwardguidance   Follow Blockworks on Twitter   / blockworks_   __ Timestamps: 00:00 Introduction 01:51 What Is A Balance Sheet Recession? 09:39 Balance Sheet Recession In Europe & U.S. After The Great Financial Crisis of 2008 16:28 China's Balance Sheet Recession 26:26 Savings And Bank Credit In China 34:07 Permissionless Ad 35:07 China's Trade Surplus 39:02 China Likely Can't Export Its Way Out Of Its Balance Sheet Recession Because The Rest of the World Won't Let It 46:15 The Currency Adjustment Mechanism To Correct Trade Imbalances Has Been Severely Impaired, Argues Koo 01:02:40 Is The U.S. in a Balance Sheet Expansion? __ 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.