By Chris Watling 27-06-2019
In: hive-exclusives, Economics Growth & Labour Market

The One Chart That Really Matters: China’s Current Account Balance (3 min read)

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Bull markets always properly end when money (liquidity) gets too tight. And tight money is one of the necessary conditions for a US and therefore global recession. The reason for this is simple. Tight money brings stress into the global economy and into global financial markets. In a world which over the past two decades has become increasingly characterised by financialisation, unconventional monetary policy, and what we term ‘Alice in Wonderland’ economics, tight money typically…

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