VIDEO: Note that all empty standing sky scrapers represent billions and billions in investments gone bad.
Tuesday, August 18, 2009
As I still have not come across any temptations - except a table full of Beijing Duck without oyster sauce (!) - to visit China and take in state sponsored growth on steroids (bad loans), Hedge Fund Manager Hugh Hendry Brief of Eclectica Asset Management has done some on-the -ground-research. Don't mistake it for Atlanta or Miami, this video was done in one of these south eastern China metropoles Westerners may have known until now as the figurehead of limitless Chinese economic growth.