Submitted by rcwhalen on 01/22/2012 - 12:48ChinaCorruptionETCGobbledygookHong KongM2NewspaperReal estateReality
But those Shanghai office towers across the river in Pudong were already standing empty a decade ago – not that you would know from any contemporary reporting. Former Prime Minister Rhu Rongji publicly pleaded with provincial bureaucrats to stop fabricating figures because it made it impossible for him to know what was going on.
Submitted by Phoenix Capital... on 01/20/2012 - 12:59Bank of EnglandGermanyLTROMeltdownNoneReality
Folks, just a few months ago, no less than the IMF, Bank of England, and others warned that we were facing a global meltdown and the worst financial crisis in history. Do you really think a few liquidity programs have solved all of this?