Michael Pettis on US debt and China's debthttps://t.co/zrZRoFITGd

— simonthong aka kitty poo (@KittyPo80176717) August 11, 2023

2/2
The idea, in other words, that the authorities can restrain the rise in debt without a fundamental restructuring of the distribution of income is fantasy.

Some might recognize some of the arguments from this article:https://t.co/XbypPWz3Z3

— Michael Pettis (@michaelxpettis) August 9, 2023