The chart of the week is courtesy Bloomberg and shows the maniacal credit boom in china. The credit to GDP ratio in China has breached historical levels and has entered into dangerous territory eclipsing levels seen before recent busts in 2008 and 2015. Another hard landing looks certain:
Alan Alda, More Than The M*A*S*H Character Hawkeye Pierce, Way More
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Years ago, I saw a play on Broadway called Q.E.D. about the Nobel
Prize-winning physicist Richard Feynman. The compelling actor playing the
quirky physicis...
21 minutes ago