“But nothing is normal in China anymore.”
I was forewarned. A trucker told me in April. Now the industry numbers came out.
When the People’s Bank of China spoke of “big downward pressure,” it wasn’t kidding.
Fearless American investors, white-hot classic cars, and breath-taking prices.
Total dominance over the media.
Now the spigot is getting turned off.
Toxic? Hey, these structured securities are triple-A rated by S&P.
The industry is drunk with its own enthusiasm.
“We’re unwrapping the best holiday gift we could’ve imagined,” Google gushed. Automakers beg to differ. You’re not even asked.
This is what happens when a currency spirals out of control.