Techdirt said that Director Brennan had “freaked out” during questioning, and that is an unfair assessment of the exchange. He did however refuse to apologize to Senator Wyden and the Senate generally and refused also to say that the Senate would not be spied on again.
Consider that according to Bass (one of the few investors to win big during the last recession) the exposure of Chinese banks (and others) to their domestic property bubble is 5 times that of US banks during our recent bubble. China’s economy is still 2nd to the American in terms of size. Consider the impact of a property bubble 5 times the size of ours in an economy which is smaller than ours. Consider also that China is run by a Communist Party which is very keen on staying in power and has a history of using extraordinary force in times of crisis.
This is an interesting exchange from yesterday.
I could be in Toronto by dinnertime. Alternatively golf in Myrtle Beach sounds nice.
The speeches are starting to leak out. I wonder what she said when she addressed other banks? I wonder what Bill Clinton said in his speeches? That would be pretty interesting.
We like “green” energy. The water in my childhood home in the 80s was heated by solar panels. We like wind, and the rest. But we like it within the market.
Green energy can exist within the market despite what many people believe. In a world of 6 billion people and growing there is absolutely a market for cleaner energy sources. In many parts of the world solar particularly makes sense on micro levels.
It is no small thing when one of the world’s great stock markets loses 1/20 of its value in a day. It happens though.
This is not the venue to discuss global warming, or climate change, or whatever. I have friends in the environmental movement for whom climate change is an important issue and one they take very seriously. I have been fortunate to hear their perspectives over the years and they have informed me on the issue.
I am sure Ms. Clinton will be focusing on the fact that the EPA knew that there was lead in Flint’s water for 1 full YEAR without making the information public. I’m am also sure she’ll be calling for massive reforms at the agency and exploring fully how it could be that the federal government allowed thousands to be poisoned. Almost positive that will be her area of attention.
How nice for him.
Most of our readers will probably agree with this statement. Let’s face it, the “jobs number” is arguably the most politically massaged economic number there is. There have long been questions about its validity but now with the rate at an extremely low 4.9% the number just feels absurd.
China is not such a good place to keep money medium to long term as it turns out. The wealthy in China are “deeply distrustful” of policy makers. As such many are getting out of China if they can. Beijing is concerned, probably panicking in light of all of the money which is flowing out of the country. And as China is in many respects a black box (perhaps a grey box) people with money can only assume that things are bad and so that compounds the Chinese “problem.”
Well, it seems the former president of Mexico doesn’t much care for Donald Trump’s idea. I just figured that Trump was buddies with one of the crony allstars Carlos Slim, the Mexican concrete magnate, and they had a deal ready to go. But maybe not.