In September China's second largest real-estate developer, Evergrande, missed an $83.5 million debt payment. Skeptics and bears on China have long said that its property market, which makes up some 30 percent of GDP, is over-leveraged and overheated. The recent news has people asking...are the bears right, and could this be China's Lehman Moment.
On this ep ... Show More
Jul 10
Revealing the Secret Architects of Capitalism, with Chris Hughes
After the 2008 financial crisis, and especially after the COVID pandemic of 2020, an increasing number of Americans are questioning the wisdom of unregulated markets and envisioning a more active role for the state. Scholars have coined a panoply of neologisms to capture this vie ... Show More
49m 27s
Jun 26
How The Democrats Lost Labor And Found Capital, with David Sirota
The Democratic Party has become too focused on appeasing its billionaire donors and has failed to communicate its commitment to the working class, argues long-time political journalist David Sirota. The question moving forward, he says, is if the party can ever refocus its brand ... Show More
49m 36s
Jun 12
Why Cliff Asness Believes Markets Are Getting Dumber
Are financial markets becoming less efficient? Famous investor Cliff Asness certainly thinks so. In his paper published last year, “The Less-Efficient Market Hypothesis,” Asness argues that social media and low interest rates, among other factors, have distorted market informatio ... Show More
51m 24s
Sep 2021
Evergrande and China's property woes
China's second largest property developer, Evergrande, is at risk of financial collapse, saddled with billions of dollars of debt. It's already defaulted on some bond repayments and has been forced to sell off assets; both Chinese and international investors are worried and Beiji ... Show More
17m 28s
Aug 2022
China's economic challenge
China, the so-called engine of global growth, seems to be stalling badly right now. The country is facing rising unemployment, falling factory output and a collapsing property market. Plus, a growing number of regular Chinese citizens are complaining that the country's tough anti ... Show More
18m 3s
Oct 2022
Can China’s GDP data be trusted?
This week, China released its third quarter GDP figure. At 3.9%, its rate of economic growth is better than many analysts expected, but still significantly short of the 5.5% target the Chinese government had set itself. There was an unprecedented delay in releasing this particula ... Show More
8m 58s
Oct 2023
The World According to China with Elizabeth Economy | Uncommon Knowledge | Peter Robinson | Hoover Institution
Elizabeth Economy did her undergraduate work at Swarthmore, earned a master’s at Stanford, and holds a doctorate from the University of Michigan. She served at the Council on Foreign Relations and the World Economic Forum before coming to the Hoover Institution in 2020. Dr. Econo ... Show More
49m 7s
May 2024
The Big Short: China Edition
For years, China’s real estate market was booming. Developers, home buyers and Western banks rushed to invest. But the boom turned into a bubble, which eventually burst. WSJ’s Rebecca Feng reports on the warning signs that were ignored and we speak to two people who saw the colla ... Show More
24 m
Aug 2022
Money Talks: Land, locked
Mortgage boycotts that began in Jiangxi, China have spread to nearly 100 cities across the country, threatening over 320 real estate projects. They add more trouble to a property market that was already in turmoil and portend future pain in the world’s second largest economy.
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39m 11s