#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 Secret: Also Spelled B-U-L-L-S-H-I-T

/// I lacked my usual editing time while writing this. There is likely a typo or two below. Tread lightly. Oh my. Off a Twitter conversation, and on a whim, I purchased a copy of The Secret. Reading the book was to be an experiment: What... Continue →