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Olduvai III: Catacylsm
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China’s mortgage debt bubble raises spectre of 2007 US crisis

China’s mortgage debt bubble raises spectre of 2007 US crisis Many young homeowners in booming cities owe more than they earn, and some even falsify salary details to get bigger mortgages Behind the dream of property ownership they share with many like-minded friends lies an uninterrupted housing price rally in major Chinese cities that dates […]

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My prediction: the coming collapse of China’s Ponzi scheme economy

My prediction: the coming collapse of China’s Ponzi scheme economy  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 me that […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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