THE COMING CHINESE BUBBLE

China is the last major economy offering positive real yields. That's a big deal

You folks know that I am not one to shirk away from a topic because it leans against consensus. A few years back when I became interested in MMT, I presented my view that there was a lot to be learned from this new school of economic thought - and even if you disagreed with it, ignoring it was foolish. Well, to say that this was not well received is a…