Hugh Hendry - The Acid Capitalist Unfiltered | #451
The Meb Faber Show - Better Investing
The World Bank Shouldn't Ignore Them
The trick was to choose growth over wealth. The rest of Asia ain't going to grow at 5% next year. We make mistakes in the West because I don't know what we put into our NPV calculations, but we under invest. It seems like there's probably no more than five people who understand how economics actually works. You know this notion that the banks are really government owned and the government's got it? It's baloney. Once you move someone with a per capita GDP of 6,000 out of the city provinces, you're still down at those levels after 8,000. Forget it.
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