Monthly Archives: September 2012

Our Debt and Deficit Mess — The Real Story

This week at the conventions there has been a lot of talk about the US debt and deficit.  The debt has spiralled up toward 100 percent of GDP, and the deficit to over $1 trillion.  Awful, right?  Yes — it’s … Continue reading

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Gloomy Data?

Yesterday I posted my impressions of the economy in China.  While I saw clear evidence of booming consumption in Beijing, this seems to be supported by deep inequality and a scramble for ‘grey’ (off -the-books) income rather than by broad … Continue reading

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The News from China

I posted no new blogs last week while I was in Beijing.  Not because I was too busy, or because there was nothing to say.  It was because the internet connection I was using in China blocked all access to … Continue reading

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