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Olduvai III: Catacylsm
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Weekly Commentary: Comeuppance

Weekly Commentary: Comeuppance The Chinese Credit machine sputtered in July. Growth in Total Aggregate Financing dropped to $144 billion, almost 40% below consensus estimates. This was less than half of June’s $320 billion increase and the slowest expansion since February. The sharp slowdown was beyond typical seasonality, with the month’s growth in Aggregate Financing 18% […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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