Law of the Jungle

Age of Wisdom, Age of Foolishness (12) Written by Adam Whitehead, Last week, the American Jury delivered its verdict on the economic recovery and the European Jury was asked to reconsider by the Judge.  Juries on both sides of the Atlantic had been considering the parochial evidence of their own domestic economies in isolation …

Debt Must be Repaid, Even Hidden Debt

by Michael Pettis, China Financial Markets Five or six years ago, a few skeptics first started pointing out that the credit dynamics underlying Chinese growth was creating an unsustainable increase in debt. This, they warned, would ultimately undermine the banking system and cause growth to collapse if it were not addressed in time.