This is textbook credit bubble: too much money and not enough investments. Chinese companies with no experience in technology, such as chemical and poultry producers, are buying up online games, apps and media properties.
Read the whole thing.
Bloomberg: Why Did a Chinese Peroxide Company Pay $1 Billion for a Talking Cat?
Lawler: Observations on the Recent Surge in Net International Migration
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Today, in the Calculated Risk Real Estate Newsletter: Lawler: Observations
on the Recent Surge in Net International Migration
A brief excerpt:
NOTE: Hous...
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