Fuel price cap drives China to a halt
THE use of old-fashioned price controls to fight inflation is causing road chaos in some parts of China as speculators hoard fuel and refineries send their product overseas.
Fuel hoarding is so 1970s, but then again so are old-fashioned price controls to fight inflation.
2009: Calling the Bottom for the Economy
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Note: CR is on vacation, and I will return on October 21st.
In early 2009, many analysts were predicting the 2nd Great Depression.
However I started seeing...
1 day ago
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