A typical household in China needs to save all of its disposable income for 18 years in order to pay for an average-sized house: that is more than double the UK and US’s average house price-to-income ratios.

Construction delays (and the associated impact on #China’s #Evergrande) aren’t just a consequence of COVID, but an intentional and long-standing policy decision to limit the number of houses coming onto the market. cbc.ca/news/business/…

1/8 "Beijing has now given unprecedented priority to technological innovation to recharge the country’s slowing economic growth. As such, China is placing its hopes for avoiding the middle-income trap on one single bet – making it a challenging goal." scmp.com/tech/policy/ar…

As a big fan of Adele, this really made me laugh. I think I spotted all the references to her new album…

Still find staring down a web camera lens strange, but here’s our latest take on China’s housing market all the way from my spare bedroom.#WFH

Thank you @fathommacro for the #COVID19 care package. So thoughtful.

Happy International Women’s Day! Proud to know and work alongside so many talented women @fathommacro #InternationalWomensDay2022

My top chart from our latest consultancy project at @fathommacro shows that a third (A THIRD!) of China's construction workers are now underemployed, with slack rising across the board. #timetorebalance #China

Look at how inspections in 2014 were mostly about rooting out corruption but by 2019 they were about everything:

Fascinating analysis on how Xi is achieving his "new era"...

To read my brief summary of Rozelle and Hell’s book, click the link below. It was an interesting and easy read that kept me sane while suffering COVID over New Year!

Would you like your recession now or later? To hear Fathom's latest views on the global economy, and why it is stuck between a rock and a hard place, click the link below and request a webinar free of charge. fathom-consulting.com/introducing-fa…

Lucky enough to have spent last week in the beautiful Lake District, soaking up the fresh air and views in between team meetings

We’re hiring!

With the stock of excess housing at a staggering ten billion square metres (more than enough to house the population of Brazil in comfort), it appears China has resorted to demolitions to reduce some of this spare capacity. Build, pause, demolish, repeat.

Erik Britton, Kathy Trimble, Jon Pelson, Dave Hanke, @crosbyvice, Joanna Davies

Eagerly awaiting the start of the Special Competitive Studies Project Global Emerging Technology Summit

Another great evening chatting about interesting stuff with interesting people. If econ/finance/geopolitics floats your boat, get in touch #ThinkandDrinkClub

Later today we’ll be tackling a crucial question at a crucial time - what’s next in UK monetary policy? Not too late to register your interest or attend virtually…