China, government, savings, and conspicuous consumption
One of the interesting things Jonathan Siegel talked about from his Beijing trip was the attitudes Chinese people have to their finances, and to their government:
Economics
Posts tagged with 'Economics':
No one likes the negative guy
This is an excellent little video of 2006-2007 segments including economics guy Peter Schiff being a) 100% bang-on about what was going to happen to the American economy given how ludicrous their borrowing was and b) getting quite literally laughed at by all the other commentators who found it inconceivable that the debt-fueled boom would not pick right up and keep inflating: