Episode 124: In this episode we’ll touch on the likely (and risky) market recovery; downplay the significance of Greece (again); and emphasize my belief that the growth barometer is in China (for good or bad).
Over the past 35 years China’s mal-investments have caused overcapacity of industrial production/infrastructure (strike 1), overdevelopment of real estate (strike 2), and now a stock market Ponzi scheme (strike 3).
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