Category: China

“All is well!”

3 January, 2017 (09:00) | Banking, China, Currency, Global news, Markets, Speculation | No comments

   By: David A. Smith   When it gets away from your control, it can get away quickly, and everything you do to keep it under control just makes everyone more skittish, more eager to get away.  Judging from a year-end article in the Wall Street Journal (December 29, 2016), such a tipping point may […]

“Great job! You’re fired!”: Part 2, You’re fired!

1 December, 2016 (09:00) | Capital markets, China, Finance, Global news, Government, Lou Jiwei, organizational behavior, Politics, Speculation |

By: David A. Smith    [Continued from yesterday’s Part 1.]   As we saw in yesterday’s Part 1, using as source material a Wall Street Journal (November 7, 2016) story coupled with a personal experience from thirty-plus years ago (sepia font), Lou Jiwei had been hand-picked as China’s Finance Minister by none other than Xi […]

“Great job! You’re fired!”: Part 1, Great job!

30 November, 2016 (09:00) | Capital markets, China, Finance, Global news, Government, Lou Jiwei, organizational behavior, Politics, Speculation |

By: David A. Smith   In life there are technocrats and there are politicians, and in political situations the former usually work for the latter – and are fired by the latter where their usefulness is over.  As reported in the Wall Street Journal (November 7, 2016):   BEIJING—China removed its high-profile, reformist finance minister […]

Dissatisfaction guaranteed or your money *not* back: Part 7, A tension point

26 September, 2016 (09:00) | Bent Flyvbjerg, budgeting, China, Dictators, Housing, Infrastructure, megaprojects, Olympics, Public finance, public works, Speculation |

  By: David A.  Smith   [Continued from the preceding Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.]   This week’s (somewhat less) plausible apology For last week’s shoddy blogging   That same AHI contract who consumed the week before also consumed the week just completed.  But now, finally, I […]

Dissatisfaction guaranteed or your money *not* back: Part 6, A state of emergency to secure additional funding

19 September, 2016 (09:00) | Bent Flyvbjerg, budgeting, China, Dictators, Housing, Infrastructure, megaprojects, Olympics, Public finance, public works, Speculation |

  By: David A.  Smith   [Continued from the preceding Part 1, Part 2, Part 3, Part 4, and Part 5.]   This week’s plausible apology For last week’s blogging absence   Just as I was turning back to this blog post, which I have found completely absorbing, a major AHI contract took an unexpected […]