A Great Leap Forward?

Published on
June 16th, 2015
Topic
History, China
Duration
42 minutes
Asset class
Currencies

A Great Leap Forward?

·
Featuring Worth Wray

Published on: June 16th, 2015 • Duration: 42 minutes • Asset Class: Currencies • Topic: History, China

Worth Wray and Raoul Pal debate China through the lenses of the newly published A Great Leap Forward? co-written with John Mauldin, an anthology featuring research from a range of incredibly acute analysts and economists on the growth and rise of the Chinese economy. In this free-flowing conversation, Worth and Raoul speak about the shift away from Command and Control, compare viewpoints from the book's different contributors, and question the future of China's economy as a global powerhouse.

Comments

  • BL
    Bruce L.
    15 June 2015 @ 17:42
    Really looking forward to reading book. Great discussion.
  • WG
    Wayne G.
    16 June 2015 @ 00:15
    Damn you! Now I have to entirely re-think what I thought I knew. Very interesting discussion of Xi Jinping's background.Sensational, thought provoking interview.
  • DH
    Dale H.
    16 June 2015 @ 02:06
    That was very good - both contributions. Well done; thought provoking and timely. There are quite a few who argue that investment in China is a must - I've had my doubts, more so now. Book sounds VG.
  • MH
    Matthew H.
    16 June 2015 @ 04:03
    Guys, that was one of the best discussions I have had the pleasure of watching on RV.
  • sp
    shashwat p.
    16 June 2015 @ 04:37
    I detect some hypocrisy here. Undoubtedly Chinese data is suspect. But so is the data from US, UK, Euro. What passes for financial analysis these days is rehashed fed speak bullshit . Is that better?
  • sp
    shashwat p.
    16 June 2015 @ 04:40
    It is much more likely that the USD based financial system blows up with the FED bubble before China becomes Japan. It has to become Korea first. Chinese consumer balance sheet is still unlevered.
  • sp
    shashwat p.
    16 June 2015 @ 04:44
    Chinese debt to gdp is about 350%. US debt to gdp is 600%+ including the entitlements. Why is China a debt bubble but US / West is not? If the credit collapses, where will it begin?
  • Jv
    Joris v.
    16 June 2015 @ 07:40
    @SHASHWAT Nobody said that the US doesn't have problems. The book/discussion was about China.
  • AB
    Alain B.
    16 June 2015 @ 12:07
    Great dialogue with thought provoking hypotheses being debated, well done. Perhaps a new series format: "Dialogue".
  • GG
    George G.
    16 June 2015 @ 15:11
    great dialogue on China position and potential moves on world chess board. Interviews like this put RV in a class of its own
  • JR
    Jon R.
    16 June 2015 @ 17:11
    I'd like to see a moderated conversation between Worth and either Simon Hunt or Gave. It seems everyone agrees on excess capacity, but not on what will happen next.
  • sp
    shashwat p.
    17 June 2015 @ 07:43
    @JORIS - At the minimum we have to use the same scale for measurement. In this case the preferred scale is Debt / "GDP". Chinese GDP is manufactured. Western GDP is goalseeked. both are meaningless
  • FS
    Fred S.
    17 June 2015 @ 14:09
    I suspect that SHASHWAT is talking his book.
  • db
    don b.
    17 June 2015 @ 17:29
    What they may not understand is that China does have a plan. They understand that the fiat they own will become worthless. Their plan is to control the worlds gold. Sad the US doesn't know history.
  • RV
    Ryan V.
    17 June 2015 @ 23:29
    Raoul do you still think a currency depreciation is the best way to bet on a housing/debt crisis ocurring in China or are you putting on any other trades? Also great interview!
  • JS
    John S.
    18 June 2015 @ 02:29
    Another first rate discussion
  • JP
    Jeronimo P.
    18 June 2015 @ 13:58
    Absolutely fantastic demonstration of critical thinking applied to markets. The best aspect of RealVision.
  • SL
    Steven L.
    19 June 2015 @ 04:28
    Excellent! I bought the book but won't have a chance to read it for a few days. I'd love to hear a similar discussion with Worth, Raul, Simon Hunt & Gave.
  • R
    Russell .
    20 June 2015 @ 01:41
    I agree with Steven above. What is the probability of a round table discussion between Worth, Raul, Simon Hunt & Gave. I would by tickets to see and hear it.
  • RS
    Ryan S.
    22 June 2015 @ 05:02
    Thought I detected some hints of an Aussie accent a few times while Worth was talking.
  • GR
    Guido R.
    22 June 2015 @ 09:09
    Really liked this discussion. A few thoughts and a question. First the question. How do we get feedback on questions asked in this very restrictive column?
  • GR
    Guido R.
    22 June 2015 @ 09:11
    What role, if any, does the hoarding of gold play in the rebalancing of the Chinese economy? Any chance you can arrange a similar discussion on the Middle East and, in particular, the Gulf country
  • AE
    Alex E.
    24 June 2015 @ 08:46
    Great stuff, guys, but who was interviewing whom ;)? I see China going splat, than over running a few neighbors thus starting WW 3 and thus instigating the rapture (ha ha ha.......) But I digress.....
  • LC
    Liliana C.
    19 July 2015 @ 05:19
    Valuable insights from Worth on Chinese history and culture. Spot on comment from Raoul about the fallacy of analyzing thru our own cultural biases. First class discussion! Thank you!
  • wg
    william g.
    15 August 2015 @ 17:43
    Mauldin Economics is an aggregator of every others opinions. Nothing wrong with that, just there is no deep thinking here. Interesting to hear about China's history, but that's about it.
  • CD
    Charles D.
    16 January 2016 @ 16:00
    Second time I've watched this...whenever I think that I'm somewhat sophisticated about global economics and the financial markets...WHAM...I watch an interview like this and realize how ignorant I am.
  • AI
    Ataraxy I.
    18 January 2016 @ 06:57
    Something feels very untrustworthy about this guy. Can't put my finger on it -- something oddly, forced, rehearsed & phony about his verbal style & facial communication. Did anyone else sense that?
  • BV
    Bryan V.
    18 January 2016 @ 16:41
    Whether I agree or not with the opinions, I love that all are presented in this interview and on this channel. An opinion isn't worth much if it can't stand up to a challenge from another.
  • VK
    Viresh K.
    17 December 2016 @ 23:46
    Easily one of the best China discussions out there. A lot of context around the different outcomes with a non bias discussion.
  • MN
    Mark N.
    18 February 2017 @ 18:15
    I wish I could be as passionate about any subject as Worth is about China.

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