Michael Pettis

In spite of China’s extraordinarily high investment levels, domestic savings nonetheless exceed domestic investment by quite a lot, making it a large net exporter of capital. Read HERE

here is increasingly a consensus in Beijing that China’s excessive reliance on surging debt in recent years has made the country’s growth model unsustainable. Aside from the economy’s current path, there are only four other […]

How high debt levels can force an economy to bear financial distress costs Read Here Photo: Jesper Rautell Balle licensed under the Creative Commons Attribution 3.0 Unported

A bipartisan bill that would create a trade-balancing exchange rate for the dollar also aims to reduce foreign purchases of certain U.S. assets. Read here