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On The Coming Collapse Of China’s Ponzi Scheme Economy

Authored by Jake Van Der Kamp via The South China Morning Post, So much production in industries like steel is based on demand for more production, but should that demand falter, the whole system could come crashing down Friends who have a greater interest than I do in reading the tea leaves in Beijing tell […]

China Steel Output Hits All Time High, Setting Stage For Escalating Trade War

While the long-term consequences of Trump’s first trade war salvo launched today will become obvious only in hindsight, it may have come at an opportune moment: just as China prepares to flood the world with record amounts of steel. Overnight, the National Statistics Bureau reported that even as Beijing intensified its war on smog, local […]