Fabled transition to a service economy? Forget it.
Or Decades of Japan-Style Stagnation?
In Vancouver, 33% of sales are to Chinese investors (National Bank)
The bigger the price, the better.
There’s simply no respite.
Every now and then we get a sign.
China’s “impossible trinity.”
“Beneath the financial turbulence there lurks a credit crisis.”
Bad breath of zero-interest-rate era wafts over real economy.