Michael Pettis has a really good post up on his blog, China Financial Markets. He has some very interesting things to say about the country’s real growth rate and then gets into a useful discussion about the U.S. and China and the political choices each are facing as they attempt to cope with the crisis. [...]
Archive for February 21st, 2009
Beware of strangers bearing gifts. A few of the nation’s governors are taking that old saw to heart. They’re having second thoughts about how much of the fiscal stimulus pie they want to accept after noticing some of the stings attached. If you’re running a state in this economy it’s hard to turn down what [...]
I came across this chart at Clusterstock this morning. I’ve published it before but that was a number of months ago. It is always worth taking a look at. The next time you hear a politician talking about the need to arrest the fall in housing prices, refer back to it. As it amply demonstrates, [...]
Here are a couple of items that caught my attention this morning. Neither is particularly pleasant. The New York Times reports that the government of Latvia has collapsed. Latvia has been much in the news the last few months as its economic downward spiral has caused significant civil unrest. Many feel that the country is [...]
For those who need a dose of doom today, here is an interview with Ambrose Evans-Pritchard. He’s at his best telling us to quit talking about how close we are to a depression and realize we’re living one. Enjoy!