[TigerLikesRooster]

Ping!

[SkyPilot]

bump for later

[cinives]

This is not a crisis of “crony capitalism” in emerging economies, but of sophisticated, rules-governed capitalism

Yeah, right. And inflation is less than 2.5% ? et real, this writer would like to put the sheeple back to sleep so the insiders can continue plundering at will.

[Southack]

It’s a good column up until his final conclusion/3rdpoint.

The issue isn’t that our government needs to more closely watch asset prices, however, which is where he goes wrong.

Instead, our government can’t keep pretending that China’s currency peg is harmless. It is currency manipulations on a grand scale that are causing these economic disruptions (e.g. China’s currency surplus led to China’s insatiable appetite for high-risk mortgage instruments, creating a *demand* that led to an asset bubble).

[Lazamataz]

This article eases my furrowed brow.

We're slightly less likely to die!!!!