California: The economics of delusion
Jobs, wealth inequality, taxes, government spending, and emigration are all creating problems California will be unlikely to keep up with absent serious structural reforms. California is likely to be America's first state to fall into a New Feudalism of extraordinary "aristocratic" wealth on one side, and destitute poverty on the other, with a tiny live in (or equivalent) servant class, and only the most rudimentary middle class, mostly excessively paid public bureaucrats.
Is it time for a California Dead Pool?
China Warns Economists, Analysts, Reporters About “Overly bearish” Remarks | MishTalk
They would hate for the truth to find its way out!
Go read the whole thing. The Chinese economy is little more than a massive structure of lies attempting to confuse the world into believing something that is not.
The Chinese economy will have its come-to-Jesus moment, and it will likely be spectacular. Well, unless you are one of the CCP. Then it might come at the end of a rope tied off to a lamppost. Or maybe the parties luck will hold. We need Chinese economy a dead pool!
The day I tried to match Churchill drink for drink
. . . and I have a book for the first person to provide some reasonable proof they have accomplished the task. A written account, and reliable witness would do.
Read the rest below the fold.