#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

Female Founders And Y Combinator

Paul Graham is back in the news, due in most part it now appears to unfortunate editing of some of his remarks. You can vet that controversy yourself. All that I will add is that Valleywag gets points in my book for giving Paul room to... Continue →