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China’s Anti-Graft Drive Supports Resilient Growth

China’s Anti-Graft Drive Supports Resilient Growth

China’s Anti-Graft Drive Supports Resilient Growth by Dan Steinbock As China’s anti-corruption drive is expanding from the public and corporate sector to financial institutions, some argue that it is hurting economic growth. In reality, it is the rule of law […]

What Is Money [CHART]

What Is Money [CHART]

Via Dick Bove In the 50 years that I have been in this business, the definition of what money is has changed repeatedly. Some of the more popular explanations are shown in the table below.