Top Links 610 China's procyclical fiscal. Whole Foods v. Trader Joe's. Pakistan's surprise rally & chess dominance.

Great links, images, and reading from Chartbook Newsletter by Adam Tooze

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LEE BAE KOREA, B. 1956 FROM FIRE, 2000-2016.

This ain’t stimulus!

Between 2020 and 2022 the period when the real estate crisis really hit China, the budget deficit was contracting as a share of GDP → fiscal drag to the tune of several percentage points of GDP. Since 202…