OwlTail

Cover image of Michael Pettis

Michael Pettis

22 Podcast Episodes

Latest 6 Aug 2022 | Updated Daily

Episode artwork

Michael Pettis: The Chinese Growth Miracle Is Over

Boiler Room

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Michael Pettis for a discussion on China. Finance professor at Peking University’s School of Management and senior fellow at the Carnegie-Tsinghua Center for Global Policy, Michael Pettis worked on Wall Street from 1987 at notable firms such as JPMorgan, First Boston and Bear Stearns.With Pettis' expertise, he provides a deep dive on the Chinese economic growth model and how factors such as debt, demographics and deleveraging will effect China's growth model looking forward. With Beijing acknowledging that the past 30 years of economic growth will not work for China going forward, what does this entail for the country’s strategy over the next decade and beyond?To find out, you'll have to tune in!-- Follow : https://twitter.com/michaelxpettisFollow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/-- Referenced In The Show: China, U.S. lead rise in global debt to record high $305 trillion - IIF: https://www.marketscreener.com/news/latest/China-U-S-lead-rise-in-global-debt-to-record-high-305-trillion-IIF--40468591/The one-child policy in China: https://www.centreforpublicimpact.org/case-study/chinas-one-child-policy/China: To Invest or Not To Invest?: https://themacrocompass.substack.com/p/china-to-invest-or-not-to-invest?s=r#detailsChina posts record trade surplus in Dec and 2021 on robust exports: https://www.reuters.com/markets/currencies/chinas-exports-imports-grow-more-slowly-december-2022-01-14/-- Timestamps:(00:00) Introduction (00:46) The Chinese Model For Growth(06:41) Demographics & Consumption In China(12:02) China's Strategy In The Next Decade & Beyond(21:06) The Great Deleveraging--Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

32mins

7 Jun 2022

Episode artwork

Jorge Fontevecchia entrevista a Michael Pettis - Febrero 2022

Periodismo Puro, con Jorge Fontevecchia

Jorge Fontevecchia en entrevista con el profesor de Finanzas de la Universidad de Pekín

55mins

8 Mar 2022

Similar People

Episode artwork

Reading Michael Pettis: What Does an Evergrande Meltdown Mean for China? [Ep. 119]

Eurodollar University

The impact of Evergrande has caused financial distress to spread faster than Beijing expected, putting pressure on regulators to move quickly to stop the contagion. But they cannot rescue Evergrande’s creditors without also undermining their fight against bad debt. A reading, by Emil Kalinowski.----------WHO----------Michael Pettis, Finance Professor at Peking University and Senior Fellow at Carnegie-Tsinghua Center. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Deadlines" by Dylan Sitts at Epidemic Sound.----------WHAT----------What Does Evergrande Meltdown Mean for China?: https://bit.ly/2Ya9rVl----------WHERE----------Michael's Blog: https://www.mpettis.com/Michael's Twitter: https://twitter.com/michaelxpettisEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

27mins

7 Oct 2021

Episode artwork

Reading Michael Pettis: Why the Bezzle Matters to the Economy [Ep. 114]

Eurodollar University

The bezzle is the temporary gap between the perceived value of assets and long-term economic value. Economies at times systematically create bezzle, unleashing substantial economic consequences that economists have rarely understood or discussed. A reading, by Emil Kalinowski.----------WHO----------Michael Pettis, Finance Professor at Peking University and Senior Fellow at Carnegie-Tsinghua Center. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "36mm" by Jobii at Epidemic Sound.----------WHAT----------Why the Bezzle Matters to the Economy: https://bit.ly/3B4T5vO----------WHERE----------Michael's Blog: https://www.mpettis.com/Michael's Twitter: https://twitter.com/michaelxpettisEmil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

39mins

2 Oct 2021

Most Popular

Episode artwork

Prof. Michael PETTIS: Wojny kapitałów

Podcasty Wszystko Co Najważniejsze

"Przyczyną braku równowagi globalnej nie są nierówności handlowe, ale raczej dysproporcje w przepływie kapitału" - pisze Michael Pettis. Czyta: Mateusz MLECZKO

6mins

14 May 2021

Episode artwork

2021 Lionel Gelber Prize Podcasts | Matthew C. Klein and Michael Pettis

Lionel Gelber Prize Podcasts

28mins

30 Mar 2021

Episode artwork

Matthew C. Klein and Michael Pettis on Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace

Lionel Gelber Prize Podcasts

Janice Stein, chair of the Lionel Gelber Prize jury speaks with Matthew C. Klein and Michael Pettis about their shortlisted book, Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace

28mins

30 Mar 2021

Episode artwork

Chinese Punk with Michael Pettis

The Acid Capitalist podcasts

I recorded this last summer. I have so much admiration for Professor Pettis. Almost everyone in macro with risk positions in China inevitably must seek out his sage council. I really enjoyed the opportunity to bathe in his wisdom once more. But first, we had to talk about the rock scene in Beijing. Enjoy.

1hr 13mins

12 Feb 2021

Episode artwork

Michael Pettis On China Exporting Of Debt, Class War And Role Of Chinese Yuan

Macro Hive Conversations With Bilal Hafeez

Michael Pettis is someone who I have followed closely over my career and he is one of the most widely followed China experts in the investor community. He is currently based in Beijing and is Professor of Finance at Guanghua School of Management at Peking University and is the co-author of the recently published book “Trade Wars Are Class Wars”. In this podcast we discuss:  How economists don’t understand debt Understanding when high savings rates work for countries How advanced economies investment needs changed since 1970s How trade surplus countries like China and Germany suppress the household wages and income Why China’s high savings rates will now only lead to higher debt, rather than growth How Spanish workers are harder working than German workers How the US and UK are forced recipients of excess savings Why high debt levels lead to low rates The problem with official Chinese GDP data The importance of the US dollar as reserve currency Why the Chinese yuan will not collapse Recommended books: the works of Kindleberger, Adam Tooze’s The Deluge, Eichengreen’s Golden Fetters, Mark Nelson’s Jumping the Abyss: Marriner S. Eccles and the New Deal, 1933-1940

52mins

18 Sep 2020

Episode artwork

Michael Pettis, Senior Fellow, Carnegie-Tsinghua Center for Global Policy

Alpha Exchange

Michael Pettis is no stranger to episodes of financial crisis.  Trading through multiple Latin American debt crises in the 1980’s, the Southeast Asia currency debacle in 1997 and, in its aftermath, the capital flight that engulfed Brazil, Michael has developed a rigorous framework for the how and why of these disruption events.  Central to his approach is Hyman Minsky’s focus on the balance sheet and the relationship between assets and liabilities both for individual entities and across the system.  Driving financial fragility, in Michael’s rendering, is a specific type of mismatch in which the payments on the liability side are vulnerable to sharply increasing when conditions become less favorable.  Our conversation considers these events in the context of China, a country that Michael moved to in 2002 and has become a renowned expert on.  Seeing China on an unsustainable debt path as early as 2007, Michael argues that the conditions for financial crisis are less obvious given the closed nature of the Chinese banking system and the powerful ability of the regulators to be able to force the creditors to restructure.  Michael has plenty to share on a number of other important topics including MMT and his recent, important book, “Trade Wars are Class Wars”, in which he lays out the impact of globalization on wages and the resulting shifting of political tides in the US and abroad.  Please enjoy this episode of the Alpha Exchange, my discussion with Michael Pettis.

52mins

8 Aug 2020

Loading