Is China like Dubai?


Wow. Must read editorial by Edward Chancellor on the parallels between China and Dubai. Here is the best part: Dubai’s ambitions weren’t merely domestic. Dubai World and its subsidiaries, with their assumed government backing, went on a debt-fuelled global buying binge. Dubai’s economy expanded rapidly in the boom. But much of this growth came from […]

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Bill Julian


I highly recommend you read Bill Julian’s latest letter. I really liked it. Here is a snippet from the letter. He compares wildfires to today’s economic (mis)management: The tools that Washington will use to try to control these burns really amounts to its own balance sheet together with a policy of extending, amending and pretending. […]

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