Category Archives: Kelly Letter Conversation

China’s Debt, 2018 Midterms, Trump Impeachment, Bond Funds, Maslow, and Halloween

These discussions are on The Kelly Letter premium subscriber site: In a comment below last Sunday’s letter, Henry asks why China’s debt is worse than America’s. I answer that Beijing is probably understating the level of its debt, wastes much of its spending just to grow GDP, and does not enjoy the benefit of controlling the world’s reserve […]

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