All economic data contain errors, but China’s are a work of art. Like its numbers on COVID-19 infections and deaths, its official economic statistics are political artifacts, carefully devised to cloak the failings and trumpet the superiority of China’s one-party political capitalist system over our liberal-democratic . . .
Anatole Kaletsky has a thoughtful and persuasive piece (paywall) in Barron’s magazine on why global stock markets have a good deal more room to rise: ‘Four Reasons Why the Bull Market Has Far to Go’.
First, the world economy is finally swimming into a fabled ‘sweet spot’, with simultaneous, reasonably . . .
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