Bullet Trains . . . in Minnesota How can you compete with a country that is run like a company? –Thomas L. Friedman, “Too Many Hamburgers?”; The New York Times (9/22/2010) I suppose that depends on whether the country in question is run like Costco — or Citigroup. In fact, Friedman makes a number of...Read More
“Geithner Says China Has Faith in U.S.” –headline, The New York Times (6/3/09) [Editor’s Note: Sorry, I’m on a China kick — just one more in that vein. And yes, it does bear on real estate. In fact, whether China keeps buying U.S. debt — and therefore whether mortgage rates stay low — is probably...Read More
“Chinese Company Said to Be Buyer of Hummer” –headline, The New York Times (6/2/09) The bad news is, China’s appetite for ever-more trillions of U.S. debt may be waning. The (mostly) good news? China’s appetite for U.S. assets may just be kicking off . .Read More
