The market history of China is predicated on saving face.
A particular ethnic face has been co-opted into the ideas of nationalism and merged into a communist political ideology. With a system that promises anyone who supports the system that they won't lose face in the ‘playground’.
The issue with the playground is that it's only their controlled playground. It is the low-value (GDP per capita or Google Ad Spend/Rev) collectivism that reinforces the echo chamber, providing the mini social dopamine to keep the participants of the game happy.
Imagine, a market that isn’t a market.
Short Bans
Trading Bans and restrictions
Analytical Consensus
Price Pegging
One Way Managed Trade
Coordinated Liquidity Gates with the Multinational Managerial Class (aka passport bro?)
Systemic risk and natural recoveries are halted in favor of long-drawn-out frozen markets to transition to moderately more liquid environments is concerning.
Central planners make time relative.
What business environment is known to go slower? Asia.
They say they are old.
They also say they are young?
Is it because central planning has caused so many deaths in the region?
Social Media Constructs
If you observe the collectivists on social media, you'll notice they mostly like or engage in their collectivist social media updates or with their liberal ‘counterparts'. They think this is free will, but the content fits the agendas of the state apparatus. This is similar to avid fan groups of our biggest pop stars to elevate the idol.
Most of the collectivist liberal counterparts are also attracted to environments that will provide them a ‘safe space’ to leave the West. They are better known on the internet as the 'Passport Bros'. Many of these ‘Passport Bros’ will be your Asian equity specialists and share the same ideology of the collectivist society they claim to have fallen in love with.
All you should see is the man’s conflict to provide objective analysis - liability.
Communists know that a man's hard assets and his family are his biggest liability, which is why Jack Ma must always return to China.
Only a Few Great Teams
Throughout history, very few nation-states deserve much vigor towards nationalism, which is ultimately just a basket of ideas.
Our biological state should not restrict us from objectively assessing opportunity costs and trying to identify the hierarchy of ideas.
Was a +90 year old Warren Buffett during the pandemic 'buying when others were fearful?'
Or was he just fearful?
Moonfall 3.14...