Posts Tagged ‘Michael Pettis’

The Pettis Banking Theorem

This is from Michael Pettis’s China Financial Markets. It should probably be like the Pledge of Allegiance used to be in school, a required recitation before the meeting of any bank board of directors. I guess it is time to introduce something that I might call the Pettis Rule of Banking (although I am way, […]

Michael Pettis On China And U.S. Economic Policy

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. […]