"Over the past several months," Federal Reserve Governor Randall S. Krozner said in a speech Monday morning, "in some financial markets... the price discovery process appears to have actually broken down."Did an earthquake just shake the Chicago School?...MORE
You can't keep a good Chinese capitalist down
In 1896, two brothers, Rong Zongjing and Rong Desheng, founded a bank in Shanghai. Over the next several decades they steadily expanded their commercial interests, first into silk manufacturing via a network of cocoon-handling firms, and later into industrial flour and cotton production.
The Japanese takeover of Shanghai was bad for business. ...MORE