Friday January 30, 2015
Weekly Postcard #97 - 70 years on the lessons of Auschwitz
Am I hexing West Ham? Bristol City on Sunday
Punching the air at Real Man Pizza – now we go on the attack for free speech & great food

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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China Crash 2012 – Socks, Walnuts and capital misallocation

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- Tom Winnifrith

I have for months argued here that the experts have got it wrong. City analysts tell you that by slashing interest rates and by investing $99 billion in new infrastructure projects China can avoid a hard landing and its economy can “land softly” before growing again rapidly next year. The experts have already been shown to be wrong and a massive crash is already underway. As I have noted before your China exposure should be precisely nil.

I shall explain where socks

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