"China’s leaders haven’t figured out how to crack down on local governments’ dubious infrastructure spending during good times without severely damaging growth - or how to loosen the reins during bad times without creating lots more bad debt."
US equity markets are jumping to the highs of the day after reports that Chinese and U.S. negotiators are drawing a road map for talks to end trade deadlock, culminating with meetings between Trump and Xi at multilateral summits in November...
"Her tell-all mea culpa won’t win her any brownie points with most blacks. Their loathing of Omarosa is virtually frozen in stone. She’s still roundly lambasted as a two-bit opportunist, a racial sellout and an ego driven hustler."
"Trump cancelled the Iran deal because a different group of billionaires are now in control of the White House, and of the rest of the US Government. Trump’s group demonize especially Iran; Obama’s group demonize especially Russia. "