Part 5/8:
As the conversation shifted towards the current state of China's economy, Kennedy expressed skepticism about the official metrics reported by the Chinese government, estimating that the actual growth rate may be significantly lower than portrayed. He noted the unrest among factory workers in China and commented on the troubling phenomenon of manufacturing plants closing down, indicating widespread dissatisfaction within the labor market.
"We're going to have to wait them out," he proclaimed, suggesting that the ongoing turmoil in China's economy may ultimately benefit the U.S. economy in the long run.