Archive for April, 2012

03
Apr

No fat lady singing in China

No fat lady singing in China

Our most recent trip to China found a slowing economy but no fat lady singing. In fact with a population of around 1.3 billion and a government that can use big economic levers at any time to rebalance the economy both nationally and regionally, our conclusion is that there is a lot of negativity priced into stocks dependent on China. Too much.