PREVIEW: PRC: RECESSION: With colleague Chris Riegel of #SCALAREPORT: Chris Riegel, CEO of Scala.com, re the sharp China recession and how it connects to American and European economic prospects. More tonight.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 12 September 2024
⏱️ 1 minutes
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Summary
1966 Cultural Revolution
Transcript
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| 0:00.0 | This is John Batcher, conversation with colleague Chris Regal of scholar.com about the crash and |
| 0:06.6 | slowdown of Chinese manufacturing, Chinese consumerism, Chinese property market. What does this mean for the United States? |
| 0:15.2 | The global economy, how does it connect to the U.S. economy and its prospects in the immediate |
| 0:19.8 | future? |
| 0:21.8 | Chris is very straightforward. It's not to look for us. It's to look for China as the |
| 0:29.1 | canary in that famous coal mine now closed. |
| 0:35.0 | Is Chris Regal on what to make of the Chinese decline? |
| 0:41.0 | More of this tonight. |
| 0:44.0 | Absolutely tied. |
| 0:46.0 | China will go into a recession because the U.S. is in a recession. |
| 0:50.0 | If China is the factory floor to the west, if orders from the west are declared If |
| 0:53.6 | China is the factory floor to the west, if orders from the west are declining because the |
| 0:55.8 | consumer is tapped, China is that canary in the coal mine showing you orders are |
| 1:00.9 | off customers constrained, consumers constrained, and the |
| 1:04.9 | factory is not running at peak because there's not enough demanding. |
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