#HardLanding  

As I’ve been saying: Hard landing. Today’s WSJ editorial on the unravelling of the Chinese stunning.

Guess what? If you spend far too much in inefficient ways, force growth and fuel it with artificial credit, and then cover up bad loans it doesn’t end well. Ghost cities are merely the outgrowth or rotten policy.

 
14
Kudos
 
14
Kudos

Now read this

Bitcoin $750? YOLO

Bitcoin is now more interesting to watch than pornography, which on a Monday at work is really saying something. Bitcoin recently spiked to $750 on the Mt.Gox exchange. According to the BTC-e exchange, Bitcoin is trading for a more... Continue →