Comments by "Louis Giokas" (@louisgiokas2206) on "China’s Trillion-Yuan Bonds Yield No Returns! Local Finances Are Doomed" video.

  1. The actions of Xi in China reminded me of Erdogan's actions to try to tame inflation in Turkey. Erdogan persisted in keeping interest rates low, thus exacerbating the problem. This also has the effect of harming the currency in foreign exchange markets, which both countries rely on. These autocrats come up with unsound ideas, ignoring experience and data available to experts who stress policies opposite of what the autocrats choose. The result is that you have stupid people running the show. The time to get out is now!
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