Hugh Hendry on the "Terrifying" Yen Move, and Risk of "Mad Max" Deflation

This podcast episode explores the rise of Chinese firms in various industries and the concerns it raises among Americans about the US economy. It discusses China's command economy policy lever, the analysis of investment strategies, the role of China in global asset markets, and the implications of China's approach to wealth creation. The episode also raises concerns about China's savings model, the potential for a currency crisis, and the impact of China's economic transition on the global economy. It discusses the role of US Treasuries, the potential future of treasuries, and the flaws in GDP growth at the expense of wealth. The concentration of ultra wealth in cities like Dubai and Miami is also examined, along with the pros and cons of the command economy model in China.