Electricity Hell – Econlib
In California, the state government is pushing us Californians away from gasoline and natural gas and towards electricity. The California Air Resources Board wants to ban the sale of gasoline-powered vehicles and even hybrid vehicles effective in 2035. I say “wants to” rather than “will” because I don’t think it will succeed. It also plans […]
Chinese factories launch charm offensive for buyers after Covid isolation
Chinese factory owners and exporters are launching a charm offensive to woo back buyers as they face sluggish global demand that has stymied their recovery from three years of isolation under Beijing’s zero-Covid policy. Local Chinese governments have organised delegations of exporters to trade shows across the US and Europe to drum up business, targeting […]
Market Talk – February 27, 2023
ASIA: JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, amid growing geopolitical tensions and dimming appetite for Chinese property bonds, Reuters reported. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30% compared with […]
New, Buzzy Cochrane Study Sets the “Fools Gold” Standard for Anti-Maskers
By Lambert Strether of Corrente. “One does not consider the brand to be the guarantee of quality. For us, the quality guarantees the brand.” –Lord Peter Wimsey in Dorothy Sayers, Murder Must Advertise I didn’t expect to have to drag out my yellow waders for a study from a prestigious brand like Cochrane, but here […]
China’s cities are on the verge of a debt crisis
From several kilometres away China 117 Tower, the world’s sixth-tallest skyscraper, is an extraordinary sight—rivalling anything Dubai, Hong Kong or New York has to offer. On closer inspection, however, the building in Tianjin is revealed to be an eyesore of epic proportions. Construction on “117”, as locals call it, was never completed. Large sections remain […]
