Tag Archives | sub-prime

Had Enough Of Experts? Fair Enough, But Facts Still Matter

By John Richardson

MANY millions of people have had enough of the political and economic establishment in the West because:…

It failed to predict the US sub-prime and European sovereign debt crises, resulting in people losing their homes and/or their

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China: Half Of All Loans Collateralised By Land, Real Estate

By John Richardson

BEN Bernanke, who as at that time chairman of the Fed, warned in July 2007 that the cost of the US sub-prime crisis would amount to $100bn.

To be honest, we struggled to find a final estimate …

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BBC: “How China Fooled The World”

By John Richardson

FOR the last three years, the blog has been asking people to challenge the consensus view of China.

We have often been accused of being pessimistic for the sake of pessimism. This misses the point. Our point …

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