young people

Married to the mortgage

May 27, 2014
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?

January 13, 2014
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