tag:blogger.com,1999:blog-7190363847001030078.post3710545892810206118..comments2024-03-11T18:09:51.461-07:00Comments on Between the Lines: Chart and Quote of the Day: Recession Looms, However....Marty Mazorrahttp://www.blogger.com/profile/08472867992519060059noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7190363847001030078.post-63619028225282298762022-11-25T10:48:13.485-08:002022-11-25T10:48:13.485-08:00GM Sam! My pleasure... Good points regarding China...GM Sam! My pleasure... Good points regarding China... My current position is simply: 1) No doubt the Chinese govt anticipated a big spike in covid cases as they begin to exit zero-covid. 2) That lockdowns will be shorter duration, done with minimal fanfare, and more concentrated in terms of the real estate covered (all playing out). 3) That dissenters will suffer publicly-announced consequences. 4) That the dissention will actually inspire the govt to continue opening up and dealing with the medical ramifications. 5) That to offset the economic consequences of the increase in targeted lockdowns, stimulus will be continually brought to bear.<br /><br />Whether, as I imply above, the push away from zero-covid continues in the short run amid the latest spike in cases, I hold zero doubt that zero-covid will gradually become a thing of the past over the next year or two... <br /><br />The political incentive to nurse their economy, and their markets, back to health is huge going forward.Marty Mazorrahttps://www.blogger.com/profile/08472867992519060059noreply@blogger.comtag:blogger.com,1999:blog-7190363847001030078.post-20782057360852831472022-11-25T09:09:10.975-08:002022-11-25T09:09:10.975-08:00GM Marty! Thanks for today's updates. China is...GM Marty! Thanks for today's updates. China is quite interesting. They recorded 33,000 people who got infected with Covid recently. That number is quite high compared to the past. But yet, the Chinese government seems to tolerate a higher number. There are two (2) scenarios that might play out. One (1) is that the Chinese government continues to tolerate higher numbers. Two (2) is that the Chinese government resumes back to a severe crackdown like 2020. The funny thing is that China controls people watching the World Cup because people start to question why are they wearing masks while the rest of the world has moved on from Covid. It is a choice that Xi has to make and that will have a lot of consequences for the Chinese economy.Samhttps://www.blogger.com/profile/05314309335677078770noreply@blogger.com