The chart of the week is courtesy Bloomberg and shows the maniacal credit boom in china. The credit to GDP ratio in China has breached historical levels and has entered into dangerous territory eclipsing levels seen before recent busts in 2008 and 2015. Another hard landing looks certain:
Why Are There So Many Americans That Can’t Find A Job Even Though They Are
Desperate To Be Hired?
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According to the absurd numbers that the government feeds us, the
unemployment rate is very low and there are lots of jobs available. But if
what they a...
8 minutes ago