Michael Pettis

michaelpettis.bsky.social

01 novembro 2026 05:21

SCMP: "China is further narrowing access to a key government recruitment programme for overseas-educated graduates, limiting their pathways into the country’s civil service and party-state system." www.scmp.com/news/china/p...

Conor Sen

conorsen.bsky.social

31 outubro 2026 23:20

Based on lived experience, “Home prices never go down” was a perfectly reasonable assumption in 2005.

it’s me, aubrey plaza accord

sellingtheta.bsky.social

31 outubro 2026 23:18

for almost a year I’ve been saying, “the stock market won’t predict the next recession. it will be the proximate cause.” this probably means it can happen a lot faster than many are modeling.

it’s me, aubrey plaza accord

sellingtheta.bsky.social

31 outubro 2026 23:18

the stock market has become real time data of one’s net worth. after the sharp market correction in April, 2025, retail sales plunged. tariff related purchase shifts also had an impact; but the wealth effect from equities is so large now, having a greater influence than ever before (both directions)

it’s me, aubrey plaza accord

sellingtheta.bsky.social

31 outubro 2026 23:17

the last few years we’ve also seen the rise of a new type of retail trader. young, risk seekers who check balances and trade 24/7 on their phone. they don’t wait for monthly statements to view performance. they knew their leveraged semis etf position lost 20% the second INTC earnings were released.