Michael Pettis: Concerned Capital Flowing out of China
About this week’s show:
-Huge debt adjustment impending in China
-Debt problems lead to slow growth
-Under fiat currency, debt gets out of control
About the Guest: Wall Street veteran, merchant banker, equities trader, economist, finance professor, entrepreneur — iconoclast — Michael Pettis is a unique individual living and working in China, at the heart of the world’s most exciting and vibrant economy.
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