China's Local Government Financing Vehicles (LGFVs): Ponzi Finance on Steroids
How China's local government financing vehicles (LGFVs) became China's most complex economic challenge.
Source: nakedcapitalism.com
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How China's local government financing vehicles (LGFVs) became China's most complex economic challenge.
Britain’s experience in fall 2022 provides a glimpse into the abyss.
Britain’s experience in fall 2022 provides a glimpse into the abyss.
Article: Government Debt versus Stein's Law - As I write this, Congress owes its creditors about $35 trillion, leaving you on the hook -- or so they claim, anyway -- for more than $100,000. And no, they're not making any effort to pay that debt down.