#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.

 
12
Kudos
 
12
Kudos

Now read this

Blatant Hypocrisy

Today in The Blaze, following the dredging of an old - then not Senator - Ted Cruz speech in which he accused a dozen faculty at Harvard’s law school of being avowed, revolutionary Communists, the following: Nevertheless, Cruz... Continue →