I had a bit of a neck wrench the other morning when reading my Wall Street Journal. On the op ed page, the Chinese ambassador to the United States, Cui Tiankai, wrote a piece arguing that China is undergoing “structural reform.” He wrote: “To sustain growth, China is implementing structural reforms that place greater emphasis on […]…
I have a great deal of respect for the Wall Street Journal but a recent article by Greg Ip is an example of, once again, the blind leading the blind on what’s really wrong with the U.S. economy. The headline reads: Economic Theory Gets Its Day Right away, something is wrong. Why would anyone care […]…
Andrew Browne of the Wall Street Journal is arguably the best China-watcher on the ground and this piece of his today is deeply shocking for an old China hand such as myself. The editors placed it on a back page and may have not understood its significance. The use of forced confessions is a leftover […]…
There is a very important showdown occurring between Saudi Arabian and American oil producers. The Saudis are pumping more oil than they really need to because they are trying to flood markets and drive down prices, thereby driving American producers out of business. Many of them are the so-called frackers. Then when enough American producers […]…
There is a school of opinion that if the United States simply waits long enough, we will have a “recovery.” Proponents of this school point to the unemployment numbers which have just trended downward to 7.2 percent. But if you read the lead editorials in today’s Wall Street Journal and New York Times, a very […]…
