A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Northwestern professor Victor Shih has zeroed in on China’s local and provisional governments to evaluate debt levels. Once again, the transparency offered is poor, but his study concludes that China’s overall government debt is headed to debt trap levels of 96% over the next year. The tenor of this and other reports looks alot like what happened in...
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I have a friend in Rio de Janerio, who works as a physician responsible for occupational health of Petrobras’ ship crews. One of her functions is also preparedness for flu epidemics including swine flu. She has been writing to me on occasion about the view from the frontline, and recently her tenor has become...
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Everybody is a Keynesian now. The stimulus seems to run the gauntlet. First the outgoing Bush administration is raiding the Treasury fast and furious to subsidize and pad various financial institutions and Pig Men. The tenor of the deals is not at all taxpayer friendly, and the details and amounts can be tracked here....
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