The following is excerpted from Bronte Capital: The Macroeconomics of Chinese kleptocracy. China is a kleptocracy of a scale never seen before in human history… China…
One minute you hear commercial real estate is in the dumps…the next it’s at record surges. It’s so hard to tell the truth.
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The Real Estate Washout That Wasn’t
Brian Louis and David M. Levitt, On Friday February 11, 2011, 8:08 am EST
Fro…