The Chinese economy is experiencing just such a depression and the authorities in command and control China met this weekend and are going to abort the cleanse and aggressively intervene. Bl
All tagged China
The Art of Madness: Picking a Fight with America's Largest Foreign Creditor
I don’t pretend to have any answers as to the results of this trade kerfuffle, should it happen. However, Jim Grant wrote a couple weeks ago in Grant’s Interest Rate Observer, “The whole world lives at the end of the whip of China’s credit growth.”