Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye Director of Research Daryl Jones. Click here to learn more.
"... Last week, The Economist published a chart, which we’ve republished in our Chart of the Day below highlighting private lending within the Chinese economy, and compares it to other economies before their deleveraging and crash. Based on this chart and measure, a Chinese crash seems inevitable. But like most things that appear in the mainstream media, the better question to ask might be whether this is already baked into consensus?"
Credit: The Economist