Add China…

…to the list of countries not coming to the financial world’s rescue.    Fascinating article on a subject we haven’t talked about in a month or two — China’s 64 million empty spec apartments.

Read the rest of the article, complete with satellite photos  here.


And, just to balance things out, an excellent commentary on the game afoot in euro land.  Is there any chance that Friday’s summit will produce real results?  Steen Jakobsen, chief economist at Saxo bank, details his doubts quite nicely.

Read the rest of the article here.


And, last, thanks to Mish for a totally unrelated chart that perfectly sums up the recovery we’ve enjoyed since this recession officially ended in June 2009…



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