Diego Parrilla: China Is Running Out Of Options

On today’s episode of “The Macro Trading Floor,” Andreas and Alfonso welcome best selling author and investment manager at Quadriga Asset Management Diego Parrilla to the show for a discussion on China. Diego makes the point that China's growth over the past 20 years is no longer sustainable as they battle high debt levels, demographic collapse & now social upheaval as citizens boycott mortgage payments. Diego goes on to discuss recent FX moves in USD, CNY & HKD before centering his actionable trade idea around a single currency pair, but to hear that, you'll have to tune in! -- DAS: Digital Asset Summit is crypto's most institutional conference. DAS is the only conference that truly combines the worlds of macro finance and crypto, with speakers like Danielle DiMartino Booth, Mike Green, Jurrien Timmer, Brent Johnson. Visit digitalassetsummit.io and sign up for 20% off with code "MACRO." -- Follow Diego: https://twitter.com/ParrillaDiego Follow Andreas: https://twitter.com/AndreasSteno Follow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Subscribe To Stenos Signals: https://andreassteno.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Referenced In The Show: China's Mortgage Boycotts Are a Problem for Xi: https://www.bloomberg.com/news/newsletters/2022-07-20/china-s-mortgage-boycotts-are-a-problem-for-xi?sref=1STrqapn -- Timestamps: (00:00) Introduction (01:03) The ECB Meeting (08:02) DAS New York Conference (11:32) Feature Interview With Diego Parrilla (13:35) The Chinese Economy (16:33) China's Mortgage Boycotts (22:53) Currency Wars (26:02) Chinese Demographics (31:01) Is The Hong Kong Dollar Peg At Risk? (34:40) Diego's Actionable Trade Idea (49:50) Post Interview: Final Thoughts -- Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.