Morgan Stanley: China Looks To US For "Beautiful Deleveraging"Mark Melin
From 2009 to 2012, the US entered an era of “ beautiful deleveraging ,” a Morgan Stanley report recently noted, citing “a respected client” who coined the phrase. The concept was a key point of Bridgewater’s Ray Dalio and his debt cycle analysis. Now fast forward to China, where economic central planners are hoping the Asian powerhouse can engineer a similar feat as its leveraged economy. Doing so might require low global interest rates, which could be one reason China has significantly ramped up is purchases of US Treasuries . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.