Peter Thiel's talk at the National Conservatism Conference is chock full of hard questions, well-reasoned thoughts and dry humor. Absolutely worth watching, though probably easier to stomach if you lean libertarian. Investment takeaway: Avoid Wall Street banks if you think the US trade deficit will shrink. Peter brought up an interesting point: balancing trade will … Continue reading Peter Thiel: What Do We Not Want to Talk About?
This is my transcription of Michael Pettis's interview with SuperReturnTV. Interviewer: How has Donald Trump affected US CHINA relationship? MP: China has a current account surplus, of course. And it needs that current account surplus because China has a big problem with demand. It has insufficient domestic demand so it has to balance that with … Continue reading Michael Pettis: The US-China Relationship