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On Friday China had what some are calling its “Bear Stearns moment”. For the first time ever in the history of the People’s Republic, a domestic company announced it could not make an interest payment due on one of its … Continue reading →

I vividly recall the mania of previous bull peaks; most recently 2007/08. As risk markets roared away from any reasonable connection with earnings trends, consumer demand or economic growth, participants became increasingly intoxicated and enamored with the fire. The structure … Continue reading →

“BBC’s Robert Peston travels to China to investigate how this mighty economic giant could actually be in serious trouble. China is now the second largest economy in the world and for the last 30 years China’s economy has been growing … Continue reading →