China Needs to Pop Its Property Bubble
Is China's property bubble signaling a crisis? The current property market turmoil originates in regulatory action to reduce financial leverage and it may not lead to a full-fledged financial meltdown.
Is China's property bubble signaling a crisis? The current property market turmoil originates in regulatory action to reduce financial leverage and it may not lead to a full-fledged financial meltdown.
Keynesian orthodoxy claims government can successfully counter recession through "expansionary" policies. To the contrary, these policies increase the danger to the economy.
By 1996, it was agreed that “Washington refused to rule out any country,” for NATO membership. Except, of course, Russia. Moreover, a NATO that included Poland was unlikely to invite Russia.
Justin Trudeau's heavy-handed measures against the protesting truck drivers are part of a greater war by progressives against capital markets and financial privacy. People will find ways to resist through decentralized finance.
When the Bush administration announced in 2008 that Ukraine and Georgia would be eligible for NATO membership, I knew it was a terrible idea.
While condemning China's social credit system, American, Canadian, and European progressives are becoming dependent on social credit systems to expand their political and governing power.
It's unlikely that Putin had no idea of the immense costs that he and Russia as a whole would incur in undertaking this war, so he likely believed the alternative would have been even more costly.
By invoking the Emergencies Act, Trudeau has engaged in conduct better suited to authoritarian despots.
A key problem with collective security is the fact that when gangs of states wade into a conflict, they inexorably widen it.
The idea that an athlete—in this case, Eileen Gu—somehow "betrays" her country by playing sports for a foreign team is the worst kind of jingoism.