China ditches zero covid policy, BlackRock & the extended bear market. Updates from: (01-03 to 01-06) (Paid)

In this week we will be looking at 7 separate sources for our macro recap.
We strive to incorporate as many independent views into this newsletter. We want to identify & synthesis this data for our audience, allowing you to get an understanding from a high level what is happening, then be able to quickly dig into the details of the newsletters linked below.
Let's Dive In!

YouTube Channel: Eurodollar University

Title: The real story behind China's ditch of Zero-COVID begins w/its dead tiger.
Link: https://www.youtube.com/watch?v=l2f4KF9gxXE

Here are the top takeaways:

• In January 2021, Xi Jinping gave a speech at Davos warning that if major economies took a wrong turn, it would severely impact global economic and financial stability.

• The Pboc has not updated its balance sheet for November, and the NBS's manufacturing PMI for December was atrocious.

• This all comes back to the dollar problem that China is having - there is a growing amount of dollars coming into the country that aren't being offset by exports.

• This has led to a decrease in activity on Commercial Bank balance sheets in terms of foreign assets.

• If the major economies do take a wrong turn, it could severely impact global trade and send the world into another recession.

• Xi Jinping knows that China is becoming a bad bet for foreign investors and that this could lead to trouble for the country.

YouTube Channel: Wall St For Main St

Title: Dr. Marc Faber: New Normal Of Higher Inflation For Many Years? Asset Price Bear Market For Many Yrs?
Link: https://www.youtube.com/watch?v=tl6Nvf49e-M

Here are the top takeaways:

• The Federal Reserve may stop hiking interest rates if the economy weakens, but it is unclear whether or not they will actually take action.

• If interest rates continue to rise, the US government will have a difficult time making interest payments on its debt.

• Turkey is an example of a country that has managed inflation well, but where the majority of people have not become wealthier as a result.

• Japan is another country with a large amount of government debt that has been able to keep its interest rates low.

• Central bankers are academics who have never worked in the real world and are overconfident in their ability to manage the economy.

• There is a lot of volatility expected in the markets in the coming years, and some people will make a lot of money while others lose money.