Michael Froman, former US Trade Representative under Obama, tells us why Xi Jinping sees a consumer-led economy as a political threat, and what happens when China finally runs out of countries willing to buy. More on Wall Street Week
MICHAEL BURRY SAID:
“I have little doubt the next few quarters will set still higher and higher net investment/GDP marks, possibly even eclipsing that aftermath of the 2000 tech stock peak”
“When the write-offs come, perhaps in 2028 or 2029, these commitments discussed in Part IV may be so large that a relatively small write-off has a bigger impact than we can now imagine”