China says its economy is growing at 5.2%, but falling prices and sluggish demand tell a very different story. Some are now calling it a “golden depression”—recession hidden by stimulus.
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer Damien Klassen and Chief Strategist, David Llewellyn-Smith, unpacked what’s really happening in China and what it means for investors.
Agenda:
- Nominal economic growth crash
- Endless property crash
- Extend and pretend
- Income growth slowing
- Deflation everywhere
- No pivot to consumption
- No end in sight
Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.
Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered by Nucleus Wealth.
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The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an Authorised Representative of Nucleus Advice Pty Limited, Australian Financial Services Licensee 515796. And Nucleus Wealth is a Corporate Authorised Representative of Nucleus Advice Pty Ltd.