The whole Brexit thing got a lot of media attention, and the issue has popped up from time to time, but Americans seem to prefer to deal with their own problems and the let the European be. Except when it comes to the financial sector. American investors started to get pretty nervous when Germany and other major […]

Five years ago, China’s Xi Jinping rocked the Communist Party establishment by pledging to let markets play a “decisive role” in decision-making. Reformists rejoiced as President Xi signaled a revival of Deng Xiaoping’s pro-capitalism revolution. Things haven’t gone as planned. First, Xi slow-walked steps to reduce China’s reliance on runaway credit, debt and an antiquated […]