China will be running a hot fiscal policy for years to come, and the only way to counteract its effect, will be by tightening on the monetary side. This will also have the added benefit of causing the financial economy to slow. In fact, we are already seeing this play out in the housing market. According to Zulauf chinese authorities will address the imbalances in the financial sector and that will slow down the Chinese economy in ‘18 and ‘19, which will also slow down the rest of the world.
– source Bloomberg, Danske Bank, Macrobond Financial

For further information, please read the attachment (PDF)

Condividi questo post su: