General

Below are Evergreen Gavekal's Likes/Dislikes for October 1st, 2021. Read More

Below are Evergreen Gavekal's Likes/Dislikes for September 24th, 2021. Read More

China’s official debt-to-GDP ratio has surged by 45 percentage points since 2016, leaving it with one of the highest debt ratios for any developing country in the history of mankind. The Chinese property sector is particularly notorious for its addiction to debt and Evergrande, the most-indebted property developer in the world, has on-balance-sheet liabilities that amount to nearly 2% of China’s annual GDP. Read More

This week, we are presenting an expanded viewpoint on the global supply chain from someone who intensively studies supply-chain dynamics, Charles de Trenck. Read More

Below are Evergreen Gavekal's Likes/Dislikes for September 17th, 2021. Read More

Returning back to the question that opened last week’s EVA, why, for nearly 40 years, was I almost always bullish to very bullish on bonds?  The cut-to-the-chase reason was that interest rates were largely positive even after inflation for most of that timeframe. Read More

Below are Evergreen Gavekal's Likes/Dislikes for September 10th, 2021. Read More

Bubbles now get tremendous amounts of press. Their counterparts, however, don’t. In my 42 years of financial market experience, anti-bubbles are where immense amount of wealth are made and bubbles are where they are lost. Read More

Below are Evergreen Gavekal's Likes/Dislikes for September 3rd, 2021. Read More

Below are Evergreen Gavekal's Likes/Dislikes for August 27th, 2021. Read More