Ep 7 - Trivium Markets - The fiscal stimulus that wasn't

On November 8, China finally unveiled its long-awaited fiscal stimulus package.It fell well short of expectations and raised plenty of new questions about how Beijing is dealing with the economy.In this podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of Markets Research, get together to discuss the ways in which the package disappointed them and what they think comes next.They delve into:What the package means for financial stability and local government austerity policiesWhat additional fiscal support we can expect in the new yearWhy the package undershot expectationsThey also spend some time discussing Beijing's uninspired response to weak household spending, and whether authorities have misdiagnosed a structural problem as cyclical.