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The China Narrative That Really Matters

Posted on January 7, 2016

I’m a China bull, let’s get that out of the way first. But like anything connected with the global industrial and commodity complex today, from Emerging Markets to MLPs to oil prices, it doesn’t matter what the Truth with a capital T might be regarding the real world economic or business fundamentals. The story is […]

Actually Maybe Not So Excellent

Posted on August 11, 2015

Everything under heaven is in chaos; the situation is excellent. ― Mao Zedong (1893 – 1976) A quick email on China’s currency devaluation last night. The news itself is big enough, but it’s the Narrative that’s developing around the devaluation that has my risk antennae quivering like crazy. What do I mean? I mean that […]

Going Gray

Posted on October 1, 2014

Everything under the sun is in chaos. The situation is excellent. – Mao Zedong (1893 – 1976) Forget it, Jake. It’s Chinatown. – Chinatown (1974) Language is conceived in sin and science is its redemption. – W.V.O. Quine (1908 – 2000) I am, as I am; whether hideous, or handsome, depends upon who is made […]