Inflation will cost the Chinese dear and worse to lose face

There are two big bubbles now. There is the familiar one in federal government debt. The other is the Peoples' Republic of China.Anyone who thinks China can save the world from recession needs to read former Morgan...

GM's gloomy YouTube video on economic impact of auto industry collapse

In reaction to the swelling controversy surrounding bailout type funding of the the auto industry GM has posted a gloomy YouTube video outlining the economic impact of a full-scale auto industry collapse. ...