"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Surging Government Debt Bringing China’s Credit Binge to a Halt, says David Stockman
I knew something was up with the Chinese economy when the prices I was getting for scrap metal started plummeting about two years ago. Ex-OMB chief David Stockman says their days of cronyist funny money fininacing are nearing an end.
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