#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

Rep. Sam Johnson Of Texas Is Not Quite A Student Of History

Rep. Sam Johnson is a veteran, and former prisoner war. He has thus suffered privation in the name of preserving and protecting the American Experiment far greater than I ever will endure myself. For that, I thank him. However, the good... Continue →