Legendary trader Dennis Gartman shares his latest thoughts on the Chinese economy, as he commends the Chinese government for getting out of the way of the private sector, cutting taxes, and letting entrepreneurs do their thing.
Contrast this with Washington’s socialist policies, and you may start to look longingly across the Pacific. How ironic – the “commies” have become the capitalists.
This Gartman piece is courtesy of The Daily Crux, a website I’d highly recommend you check out. It’s put together by the sharp investment guys at Stansberry & Associates, who I quote in this space quite a bit.
Ed. Note – I just came across Dennis Gartman’s Rules of Trading over at Market Folly, an excellent blog/resource.