The Problem Of Juicing

Fueled by a huge surge in government “mini-stimulus” lending in the second half of the year, China’s GDP increased by a higher-than-expected 7.7% for 2013 (link in Chinese) according to the National Bureau of Statistics. That might sound like a good thing, but it’s not: essentially the government freaked out at the prospect of missing its 7.5% target, and overshot […]

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The Long March By Motorcycle

In 1934, an estimated 86,000 soldiers in the Communist Red Army decamped from their Soviet-style base in Jiangxi province in an attempt to escape from Chiang Kai-shek and his encircling Nationalist Army. The desperate retreat, which Mao Zedong later ingeniously labeled the “Long March,” lasted four trying seasons and crossed 11 provinces. Read Here – […]

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