China’s year-end cash crunch, the one that the government didn’t want journalists to call a cash crunch, is a very serious situation, Patrick Chovanec, chief strategist at Silvercrest Asset Management, said this morning on the MoneyBeat show.
“It’s very similar to what happened after Lehman collapsed,” he said, “where people can’t get enough cash to cover their obligations.”
Deprival Super-Reaction Syndrome And Investing. Part four of a short series on Charlie Munger’s Human Misjudgment Revisited. Charlie Munger On Avoiding Anchoring Bias Charlie Munger On The Power Of Prices The Munger Series - Learning . . . SORRY! This content is exclusively for paying members. SIGN UP HERE If you are subscribed and having an Read More