Leverage’s power has decreased in China

Good charts, showing the decreased effectiveness of adding hundreds of billions of dollars to government spending to create empty cities.

Bonus unfun: it’s called projection and Freud figured it out a long time ago. Translation: you accuse someone of the bad thing you are guilty of. Very clever in one sense: that’s how you know they can do a bad thing, since they just did it. Duh! Roger Simon writes on this a lot. This would be funny if it was just some stupid company doing this nonsense and not the government.

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