The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Head of Macroeconomic Research
Summary: The Chinese government's attempts to re-engineer the economy involves both a massive stimulus programme and looser credit conditions, which, in turn, are making a significant impact on the housing market.