Monthly Archive: July 2015

Hello Everybody!

Hello Everybody! I am sure that many, if not most, of you know me from my comments and occasional articles around here. So I got that going for me, which is nice. But as...

Or Is China the word?

“Chinese institutions are too outdated, too inflexible, too lacking in coordination to be of any use when the one thing the government can do—aggregate and direct flows of money—is undermined as a tool. The sell-off is similar to a bank run, in which each player’s only real motive is to capture as much of the value of his assets as possible before the whole edifice collapses.”