Monday Macro: five questions worth asking with big macro implications

On meltups, China, spare cash and optimism about the UK economy

Programming note: There will be a short, one-week break from Friday, November 29th, to Friday, December 6th, inclusive. I'm away on business again, so the letters will take a breather for a few days. Also, thank you for the wave of renewals over the last month; it's very much appreciated. To those who haven’t renewed or are thinking about starting a sub…