#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.

 
15
Kudos
 
15
Kudos

Now read this

My friend is dead: My friend is not dead.

Today a friend of mine died. And I found out on Twitter. Actually, that’s not correct. In fact, not at all. Instead, a person of the same age range, name, and location died, and I found out on Twitter. I spied a tweet announcing the... Continue →