_____________________________
From: Charlie <charles1...@sbcglobal.net>
Sent: Friday, February 26, 2016 5:36 PM
Subject: Re: [Pen-l] Beijing Overtakes New York to Become Billionaire Capital
of the WorldÂ
Likely true in 1998, but it remains to be seen whether China really
insulated itself from 2008 or whether it doubled down and now has a
tremendous overhang of worthless assets, entrenched interests defending
them, and no clear way to write them off.
===========
In the heavenly hyperspace of stock-flow-consistent spreadsheets, God, Godley &
Kalecki have their fingers poised on the delete key.
E.
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