Wall Street is showing negative sentiment towards the Chinese economy with many firms trimming their market outlooks on the nation. Macrolens Chief...
Wall Street is showing negative sentiment towards the Chinese economy with many firms trimming their market outlooks on the nation. Macrolens Chief Strategist and Managing Principal Brian McCarthy joins Catalysts to discuss his outlook on the Chinese market.
Regarding the Federal Reserve's approach to rate cuts, McCarthy warns that if the Fed is"behind the curve" in easing monetary policy, it could have consequences for China. He notes that such a scenario would put pressure on the Chinese yuan , potentially"greatly exacerbating China's problems." It saddled that economy with a debt deflation problem that history shows whether it's Japan in the nineties, the US in 1920 nine, West 08, you cannot get out of this trap without very very aggressively uh easy monetary policy.They can't really push them to zero because all of this debt has been funded by household bank deposits and the households will get really upset if you tell them that you're gonna pay them zero on that money.
If the fed does make a mistake of being behind the curve, technically, that's gonna mean even while they're easing, they're still too tight, that is going to put pressure on the R and B.So if we get a big risk event in the US where the dollar tends to rally and global credit tightens China is like a powder keg.Yeah.
So I think the uh both from a term of the terms of multinational uh you know, real investment, inward investment in China and financial flows.The conference marks the first significant step by Microsoft to address the issues that affected nearly 8.5 million Windows devices on July 19, disrupting operations across industries ranging from major airlines to banks and healthcare.
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