tag:blogger.com,1999:blog-2761684730989137546.post2931644894873392304..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Steve Wang — Leverage, zombies, unaffordable homes…mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-4887761229926617082017-06-03T13:20:22.871-04:002017-06-03T13:20:22.871-04:00Caixin
Is Taking a 100 Million Yuan Bribe the New ...Caixin<br />Is Taking a 100 Million Yuan Bribe the New Ticket to a Life Sentence in China?<a href="http://www.caixinglobal.com/2017-06-01/101096894.html" rel="nofollow">Is Taking a 100 Million Yuan Bribe the New Ticket to a Life Sentence in China?</a><br />Cui Xiankang and Li Rongde<br /><br />Caixin has Anbang in its sights.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-38207329214145348332017-06-03T13:08:34.476-04:002017-06-03T13:08:34.476-04:00Xi was serious when he said that he was going afte...Xi was serious when he said that he was going after the tigers as well as the flies. A number of high ranking officials as well as wealthy business people have been prosecuted as a result of the anti-corruption drive. <br /><br />Of course, the West spins this as purging enemies, while corruption runs rampant in Western countries at the top level to the degree it has become obscene.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-71246071326980000672017-06-03T12:57:56.390-04:002017-06-03T12:57:56.390-04:00Tom, Watch carefully the Anbang Insurance debacle...Tom, Watch carefully the Anbang Insurance debacle unfold. Their funding has been cut, access to banking nil. One person has been arrested. <br /><br />The people behind Anbang are Deng's successors. I think his pragmatic, "whatever color of cat," wing of the communist party fell out of favor with Xi's liberal western reformers. Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-74840164153710203592017-06-02T16:27:41.812-04:002017-06-02T16:27:41.812-04:00Genuine liabilities toward the non-bank private se...Genuine liabilities toward the non-bank private sector means the banks would have to be careful or be ruined by bank runs.<br /><br />And why should we care if banks are ruined anymore than we care about losers in Las Vegas?<br /><br />It's an unholy mess we have where what should be inherently risk-free deposits are instead used to lower, in a crooked way*, the borrowing costs of the banks and the so-called credit-worthy.<br /><br />*Crooked and unnecessary since interest rates can be lowered by equal fiat distributions to all citizens and other ethical means.<br />Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-24942956673353793042017-06-02T16:18:06.057-04:002017-06-02T16:18:06.057-04:00The root of the problem, Zhu said, is the failure ...<i>The root of the problem, Zhu said, is the failure to let market forces take their full effect. </i><br /><br />And part of that problem is the largely sham liabilities of the banks toward the non-bank private sector.<br /><br />Sham liabilities = sham accounting = unjust, unstable system.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84704605452390935182017-06-02T13:12:11.344-04:002017-06-02T13:12:11.344-04:00When even the tightrope is a commodity, then yeah....When even the tightrope is a commodity, then yeah.Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.com