Why active managers are mimicking the flaw of passive benchmarks

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China in ‘very precarious’ position as debt strains investment-led growth model

China in ‘very precarious’ position as debt strains investment-led growth model

Michael Pettis, leading expert on China’s economy and financial markets, says investors should be concerned about the nation’s record total-debt-to-GDP ratio as it threatens to strangle the investment-led economic growth model it has maintained for decades. In the latest episode of the Top1000funds.com podcast, Pettis unpacks why China’s pivot to a consumption-led society will be painful.

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Stephen Kotkin on regional conflicts, and the one war investors can’t price

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