Married to the mortgage

2014.05.27 China’s communists attacked many bourgeois institutions after taking power in 1949. But marriage was not one of them. On the contrary, they enacted a marriage law in 1950, four years before they introduced a constitution. The pressure to marry remains heavy in today’s China, where almost 80% of adults have tied the knot at…

Deflation shock coming? Or QE Euphoria?

2014.01.13 Taki Tsaklanos over at GoldSilverWorlds has reprinted a series of charts from Incrementum Lichtenstein that show a reversal in several big trends. Here are a couple of them, followed by some other supporting material. First, US banks have not only failed to return to their pre-2008 pace of lending, but the loan growth rate is now falling back…