Peter Navarro On The China Problem

In another surprisingly unmoderated interview on CNBC, UC Irvine professor Peter Navarro brings some relevant insight on why the Chinese problem is much more than the simplified question of whether or not they will keep buying Treasuries. Also, the commentary on Chinese students laughing in Geithner's face is always refreshing, and shockingly uncensored for a CNBC audience. (shouldn't every statement out of CNBC carry the disclaimer that it is owned by GE, whose GECC sub is one of the companies with the biggest percentage exposure in bad loans and toxic assets, but as is not a BHC is the most interested in a confidence rally). Sphere: Related Content

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