Current Events

China is facing

a HUGE decline in exports.

We often fall prey to the careful advertising hype of an ascendant China, but some of the fundamentals show real problems.

Remember, the USSR fell all at once, and I never heard a single source that predicted it. Part of that is that the information system in Communist countries is SO closed. But part of that is in the inherent instability of our world.

But the unexpected DOES happen at times. I think there is no way to know just how stable China really is.

In an apocryphal (?) interchange with a British politician:

HAROLD MACMILLAN was once asked what had been the greatest influence on his administration when he was Prime Minister. ‘Events, dear boy, events’, he replied.

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