Breaking Down Kyle Bass and Michael Pettis – Dueling Perspectives on China

Published on
October 24th, 2020
Duration
30 minutes


Breaking Down Kyle Bass and Michael Pettis – Dueling Perspectives on China

Presentations ·
Featuring Steven Van Metre

Published on: October 24th, 2020 • Duration: 30 minutes

Steven Van Metre, CPF, and a macro fund manager and creator of "Portfolio Shield", breaks down the recent conversation between Michael Pettis, senior fellow at the Carnegie-Tsinghua Center for Global Policy, and Kyle Bass of Hayman Capital Management. Steven show's viewers how he uses the transcripts to go back and dig deeper into Real Vision content and helps answer questions like, "what exactly is a current account surplus and what does it mean for an economy?"

Comments

Transcript

  • AP
    Alfonso P.
    28 November 2020 @ 16:20
    Great presentation, helps a lot
  • JE
    J E.
    25 November 2020 @ 11:46
    Great video, thank you.. Regarding the arguments, it seems to me much pointing and criticism of China (from others as well) often feels like there’s the proverbial 3 fingers pointing back at the US. Insolvent banking system, Massive manipulation of markets and currency, Debt problems, Wealth gap, Marginal productivity of debt, Demographics, Etc.. These “problems” we always hear about sound *eerily* similar to all the ones we have here in the “developed ” world as well...
  • DR
    David R.
    19 November 2020 @ 12:33
    Looks good but where is the original video? Might be helpful to have a link to it in the video description herein. TQ.
  • RT
    Ryan T.
    6 November 2020 @ 08:14
    Very useful to have a review session like this to just recap and simplify the original interview between Kyle and Michael. Good stuff here!
  • NJ
    Nicolas J.
    1 November 2020 @ 19:47
    Great job!
  • MS
    Micah S.
    31 October 2020 @ 16:00
    This is a great new format.
  • CS
    Christopher S.
    29 October 2020 @ 23:43
    This is great! Thanks for providing thoughtful insight into this great interview.
  • BP
    Brian P.
    29 October 2020 @ 20:51
    Love the deep dive and explanations. Until I get my head wrapped around this stuff fully, these types of videos are exactly what I need.
  • CS
    Chris S.
    29 October 2020 @ 03:42
    Great video Steve. I appreciate the analysis because it’s helps put the puzzle pieces together to see the BIG picture of macro on a global scale. I also like the breakdown of the terminology in the interviews because it helps elucidate the depth and analysis of the guest on this platform. Keep up the awesome work!!
  • DS
    Daniel S.
    25 October 2020 @ 18:19
    Bravo Steve! You add tremendous value with these break downs. I certainly hope you stick at it!
    • SV
      Steven V. | Contributor
      28 October 2020 @ 23:17
      As long as they keep asking me to explain interviews, I will continue!
  • CH
    Chris H.
    25 October 2020 @ 19:54
    “Beijing may be speeding up the diversification of its foreign exchange reserves away from US dollar assets in response to Washington’s potential sanctions, the South China Morning Post reported, citing analysts.” Selling US treasuries to get dollars? Is this another example of China’s need for USD?
    • SV
      Steven V. | Contributor
      28 October 2020 @ 23:17
      Yes, selling Treasuries is an indication of a dollar shortage.
  • ZY
    ZHENG Y.
    26 October 2020 @ 02:09
    “Kuai (塊)” is a common unit of anything, like rock, brick, square shape object and etc. Also commonly used in Chinese speaking countries, for money too. Like 1 bottle of water; 1 kuai of money, or simply said 1 kuai = 1 dollar.
    • SV
      Steven V. | Contributor
      28 October 2020 @ 23:16
      Thanks!
  • LW
    Lorenz W.
    26 October 2020 @ 06:22
    The format is good, but it would be great to get your own assessment at the end. No need to declare a winner of the debate, just your personal opinion what you believe. I live in China for a long time, and am interested in both permabears and permabulls’ opinions
    • SV
      Steven V. | Contributor
      28 October 2020 @ 23:16
      We discussed adding my views but ultimately agreed its not my place to say if the guest is right or wrong.
  • ES
    Edward S.
    27 October 2020 @ 08:15
    What a great video. Keep up the good work!
  • AS
    Arjan S.
    27 October 2020 @ 04:29
    Steven, you are doing a great service to everyone by teaching us how to fish. Keep up the work!
  • SM
    Stephen M.
    27 October 2020 @ 02:03
    Great format Steve! Learned so much!
  • HS
    Henry S.
    27 October 2020 @ 01:48
    A must listen to for every investor!
  • TS
    Thomas S.
    27 October 2020 @ 00:16
    Love the format Steve!
  • PG
    Philippe G.
    26 October 2020 @ 19:23
    Fantastic - this breakdown and walkthrough was very useful for myself!
  • JT
    John T.
    26 October 2020 @ 18:01
    Good summary. Sounds like those "Communists" should think about sharing some of their wealth with labor, lol.
  • MP
    Michele P.
    26 October 2020 @ 12:31
    As always this super helpful summary so to get out the best parts in very simple way. Steve you are one of the macro guy out there to whom i make the Like before watching the video.
  • AC
    Alex C.
    26 October 2020 @ 05:57
    Keep it up! These explainers are great and really helps with 'reading between the lines'. Further helps my with financial learning.
  • JL
    Jake L.
    25 October 2020 @ 23:32
    These are breaking down videos are great.
  • WE
    William E.
    25 October 2020 @ 18:17
    This is a pretty sophisticated conversation which you did a good job of breaking down. I now have a 50% understanding instead of a 10% of what that conversation was about.
    • SV
      Steven V. | Contributor
      25 October 2020 @ 19:42
      This was a difficult conversation and I appreciate your comment!
  • PJ
    Peter J.
    25 October 2020 @ 17:00
    great summary
  • MM
    Melvyn M.
    25 October 2020 @ 16:30
    Very helpful, thanks for pulling this follow up together Steven.
  • BD
    Blake D.
    25 October 2020 @ 15:19
    Very helpful.
  • DM
    Declan M.
    25 October 2020 @ 11:02
    Really useful, great summary. More of this please.
  • RT
    Richard T.
    25 October 2020 @ 04:07
    Very useful. Thanks
  • AG
    Alan G.
    25 October 2020 @ 02:38
    Thought this was exceedingly helpful!!
  • AW
    Austin W.
    25 October 2020 @ 01:47
    That was so helpful. Well done.
  • AW
    Aaron W.
    25 October 2020 @ 00:13
    This was extremely valuable, thanks!
  • CD
    Chris D.
    24 October 2020 @ 20:09
    RV’s average viewer knows a lot more about finance than me. I very much appreciate Steven breaking things down in simple terms so that I can comprehend what is being discussed here.
    • TR
      Tadej R.
      24 October 2020 @ 20:37
      Similar here...he is amazing!
  • SS
    Steven S.
    24 October 2020 @ 19:41
    These are extraordinarily helpful, Steven. You certainly have a talent for explaining these concepts in a cogent and concise manner! Much appreciated.
  • IM
    Indranath M.
    24 October 2020 @ 19:31
    Great explainer; I am going to watch the Kyle bass interview again. Thank you so much Steven!
  • CC
    Cole C.
    24 October 2020 @ 19:05
    Thanks again Steve. I find these very helpful, they reinforce the main points of extraordinary interviews. Much appreciated.
  • ER
    Efrain R.
    24 October 2020 @ 18:35
    This is a very good review and helps from an educational perspective. It would be helpful to have a link to the original Bass-Pettis interview embedded in these 'Presentation' pieces.
  • PP
    Peter P.
    24 October 2020 @ 17:45
    I love that Kyle was willing to discuss China with Michael Pettis, you could not have asked for a better meeting of minds to explain the Chinese situation from a different view. Michael Pettis has asked his own students (the princelings of the absolute elite) how they can fix the situation in China. Their answer and the full Michael Pettis view on how the system works is here: https://www.youtube.com/watch?v=-lcEaKqSijc (Chinese Debt and Macroeconomic reforms)
  • RL
    Ruby L.
    24 October 2020 @ 16:53
    Great to have the commentary on the transcript. Thanks team!