Charts of the Month - September '23
The Big 7 vs. The Old Guard, The U.S. Consumer - Not Dead Yet, and The Dirtiest Cities in the World
Mystery brewing in China, a rising Poland, and politics aside, Brazil has a bright future
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This is the second installment of our new Geopolitical Update, with Cognitive Investments (where Jacob is Partner & Director of Geopolitical Analysis). If you want to subscribe to their full weekly report (called The Situation Report), you can subscribe here for free.
At the end of last week, a rumor began making the rounds of Western financial media that Zeng Guang, chief scientist at the Chinese Center for Disease Control and Prevention, told a Citi meeting that Beijing’s Zero-COVID-19 policy was about to experience substantial changes (read, eased).
Some rumors even suggest that Beijing has already or will soon assemble an expert team to create a conditional reopening plan to reopen the country by March 2023. Global investors gobbled up the rare bit of positive news; Hong Kong’s Hang Seng index, jumped 5% on the 'news' and was up almost 12% over the week. But, is it real?