China real estate bubble – Schirach Report

Thanks To The Central Banks, The Equity Bubble Is Getting Bigger Governments are not engaging in serious economic policy reforms. Central bankers keep pumping in more liquidity. What will happen next?

WASHINGTON – Imagine this. There are lots of chronically sick patients in the hospital. Many of them are deteriorating...

David Stockman: China’s Real Economic Figures Are Scary The West cannot insulate itself from a global deflation caused by the end of China's boom

WASHINGTON – Serious international economic and business media in the past used to quote official Chinese economic statistics indicating...

Chinese Communist Party Instructs Media To Stress “Superiority of China’s System” When confronted with bad news, all autocracies tell lies

WASHINGTON – The Financial Times reports that the Chinese Communist Party gave detailed directives to all Chinese media about...

China’s Economy “Worse Than You Think” Jim Chanos of Kynicos conlcuded long ago that China is a house of cards

WASHINGTON – A few years ago, Jim Chanos of Kynicos Associates made news because he had the temerity to...

How Bad Is The Chinese Economy? While there is little transparency, what we know creates a scary picture

WASHINGTON – There is no way to tell which way the Shanghai Stock Market is headed. However, it is...

China Dumping Excess Steel China has created enormous over capacity. It is now selling its products below cost to the rest of the world

WASHINGTON – In a “normal” capitalistic country, when supply expansion strategies in any given industry exceed market demand, the companies...

Mountains of Debt in Greece…And In China Debt financed growth is a terrible strategy. Greece is ruined, and China may get there soon

WASHINGTON – There is nothing promising in the outcome of the “European Tour” taken by Greek Prime Minister Alexis...

The End Of China’s Boom China could continue growing if it became an innovation society. But innovation requires freedom

WASHINGTON – The China story has changed, quite a bit. Yesterday it was about relentless growth. Today it is...

Fiscal Stimulus Does Not Work –Yet We Keep Applying It Stimulus funds are badly used. Capital is wasted, debt grows, and the economy does not benefit

WASHINGTON – “If economic troubles are approaching, put together a big stimulus package”. This is the universally accepted prevention/remedy therapy...

Is Wall Street Going To Crash? Are sharply lower stock prices just a "healthy correction"? Or is this the beginning of a serious downturn?

WASHINGTON – If you believe that US stocks are priced fairly, then the current sharp dip experienced by Wall...