You can't grow unless your banking system is expanding and you are extending credit.
China on the world stage, in terms of interaction with the rest of the world, has been relatively very new due to the long isolation period until Deng Xiaoping's times.
I'm pretty good on my feet. I'm pretty decent at bobbing and weaving, but there's only so long you can bob and weave when you don't have a good base.
I'm doing my sit-ups and watching CNBC. Suddenly, somebody starts talking about me on television... The business has gone into a weird zone of visibility. For those of us who have done it for a long time, it's strange.
Next to my mom, I'm actually a shrinking violet.
The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It's another one of those unintended consequences of making a rule that's supposed to be good that turns out the other way.
