If China’s factories remain closed beyond Feb, the US GDP hit would be ~25 bps per month starting in Mar and probably grow exponentially thereafter. The Global Value Chain can probably withstand up to a month of Chinese production outages, given the inventory buffers. #economics pic.twitter.com/4xNkCsPpIj
— Aneta Markowska (@AnetaBMarkowska) February 13, 2020
Market bulls gorging on risk at nosebleed prices forgetting what happened in 2015 when China did surprise currency deval's.
If their economy is collapsing, they'll likely do them again, and in size.
Trump won't like it
Ignorance is bliss 😴💤 pic.twitter.com/c5WVALsTzb
— M/1_LP (@MI_Investments) February 14, 2020
— M/1_LP (@MI_Investments) February 14, 2020
#HongKong visitors arrivals have collapsed. Bear in mind that the economy of #HK is one of the most levered economies with a banking system = to 900% / GDP. A severe recession (which is now very likely) could trigger the #HKD peg to break soon. pic.twitter.com/e2PZ9T5hWu
— Michael Nicoletos (@mnicoletos) February 14, 2020
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