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The John Batchelor Show

#ScalaReport: #PRC sinking with global demand sinking. The unsolved commercial real estate. Chris Riegel, CEO Scala.com #Stratacache.

The John Batchelor Show

John Batchelor

Books, News, Society & Culture, Arts

4.52.8K Ratings

🗓️ 11 August 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Photo: 1914. No known restrictions on publication.
@Batchelorshow


#ScalaReport: #PRC sinking with global demand sinking. The unsolved commercial real estate. Chris Riegel, CEO Scala.com #Stratacache.
https://www.zerohedge.com/markets/china-bans-negative-economic-commentary-mentions-deflation

Transcript

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0:00.0

notification from Monzo. Sam requested $54 for camping supplies. Sahara requested $35 for

0:09.3

bear spray. Sam requested $100 for new tent. Welcome to Canada.

0:17.3

Welcome to simple cospleting and fee-free spending. Welcome to making your travel money go

0:22.4

further with your Monzo Mastercard. Search Monzo Travel today. UK residents, terms and

0:28.8

conditions apply. This is CBS Eye on the World. I'm John Batch for this scholar report with

0:39.1

CEO Chris Regal of scholar.com of global technology firm transforming the retail space with digital

0:45.2

signage. Chris has business on all the settled continents including of course Oceania, the vastness

0:52.5

of the Pacific and we go to the other side of the Pacific to news about the pupil's Republic of

0:57.3

China's economy. There are headlines that are ominous. For example, market watch. Alarming

1:05.6

quote China data upsets global stock markets. This is within these last days. A deepening slowdown

1:11.6

in the world's second largest economy is unnerving investors who have been focused more on the US

1:16.8

outlook. I go to charts that are from most recently published in London that show the Chinese

1:24.4

economy starkly as unemployment among the 16 to 24 year olds climbing. The dependency on the west

1:32.4

that is the chip's makers is climbing dependency and at the same time direct foreign investment

1:39.6

is declining has been declining for some time. Chris a very good evening to you have been documenting

1:46.4

the decline the anxiety the slowdown in China for some time anecdotally. These numbers support

1:54.0

that it's not just in the pro river valley it's not just in electronics or the high end is throughout

1:59.6

the economy. My question for anyone reading these charts is what's going to stop the decline because

2:07.4

the old saying on Wall Street is you can't catch up falling knife is there a business plan that

2:12.1

you've heard that China can at least stem the collapse. Good evening to you. Good evening John

2:18.4

there's no plan at the moment no seeming look way out. There's been discussion in China

2:24.6

of more government stimulus but the problem is not caused particularly within China the problem

...

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