Hugh Hendry joined us for over an hour earlier this year in what was an amazing conversation about markets, inflation, the U.S. debt and U.S. debt ceiling issue, and how and why the Magnificent 7 stocks are dominating the market, asset allocation, bitcoin, and Apple. Often, in these longer conversations, so many different things get covered, such as what's driving China, and what is the probability of China acting on taking back Taiwan. Over the next couple of weeks we will unpack some of the treasures from that conversation.
Today, please enjoy the second in this series, Hugh Hendry's take on China, the way China's financial system works, how China games its currency valuation lower (who's enabling it), China's massive debt problem, it's destruction of wealth, the resurrection of Marxism under Xi, the Taiwan threat - Is China getting ready to make a move?
The Ongoing & Growing Problem of China? (07:39)
You can listen to the full and fascinating conversation from mid-year here.
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