Guest: Joseph Sternberg. China faces a "sluggish zombie economy" characterized by a burst property bubble and anemic consumption. Sternberg warns of "Japanification," where growth remains stagnant for decades. Beijing struggles with price deflation, furth

Season 8 Episode 313  ·  Jan 14, 01:37 AM
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Guest: Joseph Sternberg. China faces a "sluggish zombie economy" characterized by a burst property bubble and anemic consumption. Sternberg warns of "Japanification," where growth remains stagnant for decades. Beijing struggles with price deflation, further burdening a heavily indebted economy. Meaningful recovery requires political reforms Xi Jinping resists.
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Guest: Joseph Sternberg. President Trump is reportedly using an investigation into Fed Chairman Jerome Powell as a pretext to influence interest rate decisions. Sternberg notes that while central banks like the Bank of England strive for independence, the
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