2min chapter

Michael Covel's Trend Following cover image

Ep. 1138: Hugh Hendry Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

The Path to Modern China

It's quite difficult to understand what's coming out of China. I've seen neon trails from the past. The profound issue that I see with China is that it shows GDP growth over wealth creation. You can grow your economy in certain circumstances. Just choose the number. But these would be net present value projects. What is a net present value of a vast rail, link or a bridge? It is the connection of two communities.

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