Real Estate: Not the Big Overinvestment Problem in China

by Michael Pettis Before starting on the subject of debt I wanted to make a quick reference to something sent to me by Charles Horner, a senior fellow at the Hudson Institute. I am glad to say that the overinvestment thesis is much more widely acknowledged today than it was even two or three years …

What is Dubai’s Secret?

The World Economy Stalls; Meanwhile Dubai Bounces Back: So what’s The Secret? by Guest Author Andrew Butter One of the few interesting things about Dubai is that it serves as a barometer for economic activity that happens largely outside of government and outside of OEDC. I’m not talking blood diamonds or drug money, Dubai services …