Posted by Matt in January 22nd, 2010 |
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Published in
China,
U.S.,
Addiction,
American Leadership,
Bubbles,
Capitalism,
China,
Command Economy,
Easy Money,
Governance,
Masters,
Mortgage Banking,
Phrase,
Power Elite,
Real Estate Bubble,
RealEstateBubble,
Rentier,
Sectors,
Socialist Goals,
Status Quo,
Strains,
Thusly,
Twins
China and the U.S. share two central traits: a financial-command-economy and an addiction to cheap, easy money to prop up bubbles that serve the status quo.
Despite the many obvious differences between the Chinese and American systems of governance and “capitalism,” there are two key similarities. We might phrase this thusly: China’s leadership has empowered [...]
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Posted by Matt in June 4th, 2009 |
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“Nothing was actually done by Congress to put an end to the problem of excessive speculation,” said Masters, referring to the jump in oil prices last year. “As a result, there is nothing to prevent another bubble in oil prices in 2009. In fact, signs of another possible bubble are already beginning to appear.”
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