It was once taboo to say that China could be a deflationary force, dragging the world into a slowdown as its own economy modernized. Serious economists and investors pooh-poohed the idea, saying that China's economy just didn't have that kind...
Along with bank runs and market crashes, oil shocks have rare power to set monsters loose. Starting with the Arab oil embargo of 1973, people have learnt that sudden surges in the price of oil cause economic havoc. Conversely, when...
