#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
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Now read this

Parsing The $900M Surface RT Writedown

Today Microsoft dropped a $900 million bomb onto the tech world in the form of a writedown stemming from “inventory adjustments” regarding the Surface RT tablet hybrid. Holy ouch. That cost the firm $0.07 per share, and given that... Continue →