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Michael Pettis Extended Interview
Michael Pettis provides an exhaustive overview of his in-depth China views in a three part interview series with FT's Beijing Bureau Chief, Geoff Dyer. Must watch.
Part 1 - On future US-China trade relations.
Part 2 - On the pros and cons of China's growth model
Part 3 - Pettis on where China may diversify forex reserves
link courtesy of Investment Postcards
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Along with ZH Pettis is one of my regular blog stops - without doubt 'the' authority on China.
Tiger by the tail.
Which is the tiger?
It is great that you gave Pettis exposure on
Zerohedge. I have followed him for a while
and believe him to be a good source of
information and analysis.
I'm a follower of Mike Pettis as well
My first exposure to Mr. Pettis. A very impressive thinker. ZH, thanks for posting this.
Agreed Pettis is very well spoken and I like his line of thought. Could have been a one minute interview. "China is screwed and they can't do anything about it." The end.
serious knowledge. thx for the tip.
China is not screwed. It'll be a lot easier for China to learn how to consume what it produces than it will be for the US to actually produce what it wants to consume. Wake up...China has a billion people. If China lets the yuan appreciate, America's foreign sweat shop slaves might be able to enjoy the fruits of their labor.
And re: Obama wanting Americans to save. That's laughable as long as interest rates are this low and the dollar continues to tank. People respond to incentives. A negative real return isn't much of an incentive.
He's a keynesian fool and his theories are meaningless :-(