#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.

 
11
Kudos
 
11
Kudos

Now read this

And good riddance, Ames

A piece out today in the Wall Street Journal details the fact that the Ames Straw Poll is a weak indicator of presidential candidate viability, and an even lesser fundraiser for the local party. This is not idle speculation. Michele... Continue →