Where Are Global Economies Headed?
Darius joined our friend Ben Brey on this month’s Pro to Pro Live to discuss China, the federal budget deficit, the “K-shaped” economy, and more.
If you missed the interview, here are the three most important takeaways from the conversation that have significant implications for your portfolio:
1. If Beijing Fails To Act Forcefully, China Will Slip Into A Structural Debt Deflation Akin to 1990’s Japan
China currently faces a difficult position. It has to balance its development goals against a high level of private sector debt, comparable to Japan’s before the…