We looked inside some of the tweets by @cbeddor and found useful information for you.
Inside 100 Tweets
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Like a credit card company scrapping the credit limit you never got close to using https://www.breakingviews.com/considered-view/beijings-new-moves-dance-around-capital-controls/#.XXiRRcUZp-M.twitter … @cbeddor
The dominance of retail investors isn’t the reason. China’s financial market is one in which the macro data is suspect, financial statements are questionable, there is a lot of insider activity and no clear corporate governance... https://www.ft.com/content/e5af8da0-1fc7-11e5-aa5a-398b2169cf79 … via @financialtimes
Guys, there's a guy in Indiana who imports *horse carts for Amish people* because he says they're no longer produced in the US and he can't pay the 25% tariffs on ones he gets from China. https://exclusions.ustr.gov/s/USTRPublicDocketExclusionRequestDetails?requestId=a06t0000003NJTRAA4 …
Coming into Jackson Hole, economists are grappling with a major issue: Can central banking as we know it be the primary tool of macroeconomic stabilization in the industrial world over the next decade? In my forthcoming paper w/ @annastansbury, we argue that this is in doubt. 1/
A really first-rate critical review of the recent "democracy in crisis" literature by Shany Mor @ShMMor : https://www.tabletmag.com/jewish-news-and-politics/289489/nobody-understands-democracy-anymore …
Yes, agrees. Ironically democracy seems historically to be “in crisis” precisely when it is most proving its superiority to other systems, i.e. when it is managing us through a difficult, messy adjustment. The books cited here seem to worry that democracy is in trouble because...
Thread on China’s central bank digital currency (CBDC), which they say is “just around the corner” 1/ few public details changed since I wrote this summary of the project last year. Still aimed narrowly to replace cash. Read this for the key details:
Speak often enough to CEOs of companies that make things and you realize how divorced macro debates can be from micro realities. “Leave China, just restart in Vietnam, Bangladesh, India, Indonesia” is a world of lollipops and rainbows that exists only on Twitter and cable news.
I’m counter-consensus on this, but pretty obvious that the PBOC/CBIRC would spare Jinzhou. The message of Baoshang was *not* a consistent haircut policy. It was simply that you can’t bet on state support in all cases, so price in a bit more risk.
China is sharpening scrutiny of small banks’ shareholders in awake of cases like Baoshang and Jinzhou. We took a deep dive and discussed how loans from the lenders to big investors could prove a weak point in the country’s financial system. w/ @sumeet_chat
Regulatory actions shaking up China accounting firms https://www.chinaaccountingblog.com/weblog/china-accounting-market-is.html …