Two must-read posts:
The Macroeconomics of Chinese kleptocracy – bronte capital Deflation = revolution in China. Great insights into how Chinese demographics impact saving and investment.
The specter of global neofeudalism looms….
Add: see also You Should Be Mad As Hell About This [CHARTS] (businessinsider.com) h/t patrick.net In case you had any doubt…. mind-blowing set of charts.