Wall St. For Main St., Released on 4/23/20
Jason Burack of Wall St for Main St interviewed one of the most respected China experts among financial professionals, Managing principal and Chief Strategist at Macrolens, LLC https://macrolens.com/, Brian McCarthy. Brian’s superb Real Vision TV interview recorded in November 2019 about the Chinese economy has almost 300k views on Real Vision TV’s YouTube channel. Watch the interview here: https://youtu.be/Za_Ag975dJs
During this 40+ minute interview, Brian gives master level knowledge about the Chinese economy and how the Chinese economy has changed a lot, especially with its foreign exchange reserves and the amount of credit since the Chinese government announced a massive stimulus package in 2008-2009. Jason asks Brian about China’s dollar denominated debt problems and why the PBOC and CCP are scared to do a lot more stimulus in the Chinese economy. Brian lays out a clear thesis over many minutes why the Chinese economy is now in peril with a strong Dollar and their credit growth for the last 10+ years, why the Chinese government has not done more economic programs to combat the economic damage from the coronavirus and why the US and China have a messy divorce (de-globalization) that is only going to accelerate in the years to come.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.