$MCHI: “Keeping the growth target is ridiculous, reforms have already been undermined and without clear reform this negative shock will have lasting consequences.” | Feb 2020 #thread

Finally someone says it. Zhang Anyuan (张岸元 ), economist at CFC Financial ( 中信建投证券) a broker controlled by CITIC Securities, raises the possibility that Q1 growth will be 0% (or worse). He starts recognising the importance of keeping up confidence & meeting the targets/1 — 优述/You Shu (@You_Shu_China) February 23, 2020

$SPY: “Base case for anyone doing any actual channel checks should be two quarters of severe supply chain disruption.” | Feb 2020 #thread

Serious Take: Base case for anyone doing any actual channel checks here should be 2 quarters of severe supply chain disruption. Media and Sell Side dripping out reality on lag because they have to maintain access. Autos, Semis, Travel annual numbers are absurd. — Dan McMurtrie (@SuperMugatu) February 20, 2020

$MCHI: “Questions for Beijing and Xi will become defeafening if there are sustained, wide-scale second/third outbreaks” because of a too-early pivot to “get back to normal.” | Feb 2020 #thread

The belated response to COVID-19 has already raised questions over bureaucratic competence in China, and Xi’s governance model. It’s still unclear where the blame lies – and how much of the responsibility is the boss’s. Many systems would have struggled./1 — 优述/You Shu (@You_Shu_China) February 21, 2020

$TSLA: “Most AV watchers and VC investors seem to be growing more concerned about robotaxi unit economics, not less.” | Feb 2020 #thread

Interesting. Most AV watchers and VC investors seem to be growing more cautious/concerned about robotaxi unit economics, not less… at least for the short-to-middle term. This is one of the reasons AV firms are shifting focus toward trucking/delivery (or ADAS, for sensor cos). https://t.co/MGgKNUIg6V — E.W. Niedermeyer (@Tweetermeyer) February 21, 2020

$SPY: “Major costs facing families have skyrocketed unsustainably in ways our economics is incapable of acknowledging.” | Feb 2020 #thread

Thread (1/16). How is that our economic statistics suggest workers have been making slow but steady progress in recent decades, while popular perception is that their family finances are coming under increasingly untenable pressure? I’ve been working on this, here’s my answer: — Oren Cass (@oren_cass) February 20, 2020

$UBER: The rise of Uber has not led to a decline in traffic congestion in cities despite initial pitch by company executives | Feb 2020

Uber 5 years ago, explicitly: Uber will decrease traffic congestion Reality today: Uber/Lyft add to traffic congestion Read my story on this window into Silicon Valley tunnel vision / inability to see bad efffects that are obvious in hindsighthttps://t.co/ZscASUXHVH — Eliot Brown (@eliotwb) February 15, 2020

$MCHI: Xi Jinping said he started overseeing the disease control campaign as early as Jan 7 | Feb 2020

#XiJinping admitted it is he who covered up the #COVID19 #coronavirus epidemic in #China. In a speech he made on Feb 3(full text in Chinese: https://t.co/U918GdPjCk), he said he started overseeing the disease control campaign as early as Jan 7. #習近平 1月7號就知道 #武漢肺炎疫情 pic.twitter.com/065BYqJZPJ — 曾錚 Jennifer Zeng (@jenniferatntd) February 15, 2020