26 July 2012 - 26 October 2012 At the same time that China’s economy no longer benefits from these three favourable conditions, it must recover from the dislocations – asset bubbles and inflation – caused by Beijing’s excessive pump priming in 2008 and 2009, the biggest economic stimulus program in world history (including $1 trillion-plus in 2009 alone). Since late September, … [Read more...] about Leithner Letter Nos. 151-154
Chris Leithner