#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

The Communal Mystery of Religious Experience

/// Tired, so expect a typo or two. I don’t spend much time in churches these past days. Since 2007, really. A few weddings. Baptisms. That sort of thing. Tonight was such a night. At St. Bedes in Palo Alto my youngest nephew, Joey, was... Continue →