Category: Markets

Stock-taking?: Part 2, “An unconfirmable plan”

16 October, 2014 (10:00) | Bankruptcy, Bonds, California, Debt, Markets, Municipal bankruptcy, Pension funds, Primer posts, Stockton | No comments

[Continued from yesterday's Part 1.] By: David A. Smith Do I have your attention now? Yesterday we saw, via simultaneous articles in The Sacramento Bee (October 1, 2014) and Los Angeles Times (October 1, 2014; navy font), that despite the City of Stockton’s willingness to keep paying CalPERS at 100% even as other creditors were […]

Stock-taking?: Part 1, “Simply Invalid”

15 October, 2014 (10:00) | Bankruptcy, Bonds, California, Debt, Markets, Municipal bankruptcy, Pension funds, Primer posts, Stockton | 1 comment

By: David A. Smith As politics is the process that advances the interests of the majority, law is the process that protects the interests of the minority, and when those who make the laws find themselves forced to live with laws others have mad, including the bankruptcy laws and the Constitution from whence they derive, […]

Where the money goes, the people will follow: Part 3, Not in China’s operating system

23 September, 2014 (10:00) | Capital, China, Emigration, Exports, Global news, Housing, Imports, Markets, Schools, Speculation | No comments

[Continued from yesterday's Part 2 and the preceding Part 1.] By: David A. Smith As so happens when I write about China, the process of laboriously sorting through my thinking means the posts expand, and my post about Chinese emigration, using as a source an article from the Wall Street Journal (August 15, 2014), brought […]

Where the money goes, the people will follow: Part 2, Breathing freely is a basic requirement

22 September, 2014 (09:00) | Capital, China, Emigration, Exports, Global news, Housing, Imports, Markets, Schools, Speculation | No comments

[Continued from Friday's Part 1.] By: David A. Smith Capital, whether economic of human, is a continuous referendum on government’s effectiveness – a referendum that government does not schedule but nevertheless must observe – and as we saw in yesterday’s post, using an article from the Wall Street Journal (August 15, 2014), China’s entrepreneurial classes are […]

Where the money goes, the people will follow: Part 1, 64% of China’s rich

19 September, 2014 (09:00) | Capital, China, Emigration, Exports, Global news, Housing, Imports, Markets, Schools, Speculation | No comments

By: David A. Smith Up until now, my posts puzzling out China’s affordable housing have focused on its urban challenges, and whether the Chinese can make new cities that people want to live in without destroying the formerly-rural middle class by culturally and economically impoverishing them in totalitarian-style housing blocks.  Foolish me, I overlooked the […]