Wry & Dry #27-26 Now is the summer of our… Where’s Moses? Davos Man.
Uncle Albo does a Steve Bradbury. Politicians’ exemplar of Self-Indulgent Petty Political Leadership 101 on a Day of National Mourning. Trumpster’s exemplar of Climbdown 101 in Switzerland. Europe finds a spine.
China’s slowing GDP, Origin Energy – Kraken Technologies and Aurelia Metals
China’s announcements this week of slowing GDP growth, very weak population growth, and a sharp fall in births reinforce a broader concern that macro risks in China are rising, not stabilising. While headline growth remains positive, the underlying composition of that growth is deteriorating. Debt is rising faster than income, domestic demand is weak, and the economy appears increasingly reliant on external surpluses rather than internal dynamism.