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Thanks. Twitter will use this to make your timeline better. UndoUndo
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why do we keep kicking kindling fires to see if they there is a conflagration underneath
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it's the only way to be sure
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Great Depression 2. Needs a good sequel subtitle
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"It's because of Pandemic this time. Not our fault. We repeat, it's not our fault. Pandemic." It's a long subtitle, but it's very emphatic.
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the Chinese government seems to think that reintroducing moral hazard to an overheated sector is a good idea. otherwise all the other real estate fanatics won't slow down and become more cautious
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isn't this what US should have done during GFC?
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The government closest to the problems knows best how to ignore them. That's the lesson of US federalism, and Texas' local rule.
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They don't ignore them. The general rule is Simpson's quote... "That's a problem for future Homer, and I'm sure glad I'm not that guy."
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China spent decades treating capital as a political good as opposed to an economic good. With complete disregard to the impacts they've distorted markets everywhere. I can't image a soft way to unwind this.
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