@macrodove.bsky.social
Reposted
3/3
That's because, as I explain below, an option framework explains why share prices in a largely-insolvent banking system are effectively a proxy for expected GDP growth. At the time I wrote this, Chinese banks were trading at 3-4 times book.
carnegieendowment.org/china-financ...
That's because, as I explain below, an option framework explains why share prices in a largely-insolvent banking system are effectively a proxy for expected GDP growth. At the time I wrote this, Chinese banks were trading at 3-4 times book.
carnegieendowment.org/china-financ...
What Do Bank Share Prices Tell Us About Growth?
The plummeting valuation of China’s banks suggests that investors are losing confidence in China’s growth prospects.
carnegieendowment.org
January 2, 2026 at 6:25 AM
3/3
That's because, as I explain below, an option framework explains why share prices in a largely-insolvent banking system are effectively a proxy for expected GDP growth. At the time I wrote this, Chinese banks were trading at 3-4 times book.
carnegieendowment.org/china-financ...
That's because, as I explain below, an option framework explains why share prices in a largely-insolvent banking system are effectively a proxy for expected GDP growth. At the time I wrote this, Chinese banks were trading at 3-4 times book.
carnegieendowment.org/china-financ...
Reposted
News of a critical counterattack by Ukraine in Pokrovsk
Needing to unblock key lines of logistics, UKR troops have been daringly dropped-in by low flying helicopters in territory Russian claimed was captured.
My initial reaction is it's a huge gamble, but the only other option was to retreat.
Needing to unblock key lines of logistics, UKR troops have been daringly dropped-in by low flying helicopters in territory Russian claimed was captured.
My initial reaction is it's a huge gamble, but the only other option was to retreat.
October 31, 2025 at 8:29 PM
News of a critical counterattack by Ukraine in Pokrovsk
Needing to unblock key lines of logistics, UKR troops have been daringly dropped-in by low flying helicopters in territory Russian claimed was captured.
My initial reaction is it's a huge gamble, but the only other option was to retreat.
Needing to unblock key lines of logistics, UKR troops have been daringly dropped-in by low flying helicopters in territory Russian claimed was captured.
My initial reaction is it's a huge gamble, but the only other option was to retreat.