It is critical to understand what is happening in China first of all. The country is suffering from a confluence of longer-term structural imbalances butting up against near-term strategies ostensibly aimed at minimizing the fallout. The risks are complex though in broad terms pretty easy to sketch out. They include potential impacts on global liquidity, one of the most misunderstood topics in finance. If are interested in Alf’s Macro Investment Fund, drop him an email for information at this address: fund@themacrocompass.com Alf’s Course: TheMacroCompass.substack.com Other Courses: https://themacrocompass.org/courses/Eurodollar University's conversations w/Alfonso Peccatiellohttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU