by Charles Hugh-Smith Plunder is fun until everything has been plundered. Nothing is infinite except greed and credulity. Unfortunately, neither greed nor credulity can build a sustainable, productive economy. We blew it: rather than investing in a sustainable mix of energy …
by Frank Shostak via Mises For most commentators lending is associated with money. However, is this the case? When a saver lends money, what he/she in fact lends to a borrower is final consumer goods that he/she did not consume. Therefore, what a lender …
By David Stockman Car sales in China, the world’s largest vehicle market, continue to tumble…. In March, retail sales of sedans, SUVs, minivans and multipurpose vehicles dropped 12% to 1.78 million units. This is after an 18.5% drop in February …
via @mcm_ct: Wonder what is going on? Wonder how bad the malinvestment situation is? Wonder how big the bubble and its collapse will be? Well, look at the sheer lunacy in China! via @TaviCosta: More signs of Chinese capital outflows rising again: …