The Man Who Predicted China's Collapse

Back in 2012, when oil prices were above $100 per barrel and the Chinese economy was growing at over 10% per year you’d be hard pressed to convince anyone that a commodity price collapse, fueled by a sputtering China, would be the event that finally brought the world back into recession.

Unless, of course, that person followed the writings of Michael Pettis, a former Wall Street trader and professor of finance at Peking University’s Guanghua School of Management.