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China Investing Is Like Checking Into Hotel California: Ferguson

Jun.04 -- Hoover Institution Senior Fellow Niall Ferguson says that Wall Street doesn't understand that the U.S. and China are headed for a Cold War. He thinks that investing in China might have its opportunities, but warns that the capital controls make it like "Hotel California." He is also the author of "Doom: The Politics of Catastrophe." He joins David Westin on "Bloomberg Wall Street Week."