If an asset's monetary policy contains immutable, absolute scarcity, the asset's chief function is a store of value.Perpetual credit expansion and its resulting price inflation is the core crisis of the 21st century.Bitcoin is the hedge. Very simple. ...

China’s credit expansion rebounded less than expected in July from a year ago https://t.co/JghC3bTCN6 ...

China’s credit expansion accelerated more than expected in June, helped by a seasonal boost in loan extension as well as heavy government bond issuance https://t.co/5nH2PXzLku ...

V i e w p o i n t | 14 May 2025 09:31:57 ET │ 11 pages China Economics The Fiscal Push in China's Monetary Data CITI'S TAKE New credit missed expectations in April. Fiscal policy is now a dominant driver for China's new credit. Government bond financing has been almost the sole contributor to the increase of new TSF, and debt swap has dragged corporate loans. For this May-Dec, governments still have ~RMB9trn bond quota, yet the fiscal boost to new credit could be close to its peak. Meanwhile, households cou ...