Hugh Hendry: China – The Emperor has no clothes
This is an astonishing video in China with Hugh Hendry, the money manager who is bearish on China who I profiled earlier this month. In it, he shows us building after building after building – all of them massive and all of them empty. And you see yet dozens of others still in construction in the background. Who is going to pay for all of this stuff?
Breathtaking. Hat tip Ravin.