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@michaelxpettis @greg_ip If the China debt problem is borrowing at a rate higher than the returns on investments, the solution cannot be rebalance to consumption which is in effect allocation to activity with no returns at all.

1/12 Very good article by Greg Ip. I think the most important point he makes is this one: "The Achilles’ heel of Chinese industrial policy is its cost and waste. China runs bigger budget deficits relative to economic output than the U.S." @greg_ip wsj.com/world/china/be…

@josevalim @ElixirConfEU @ElixirConf Livebook roadmap

@ac_alejos Show livebooks in action….examples of common and helpful uses in working with data

Well, It seems there’s enough interest to warrant making some video . I have ideas for 3 off the top of my head. What other ideas are people interested in? #MyElixirStatus

@BickerinBrattle If it’s just redistribution of capital allocation decisions then would seem whether stimulative or not depends on whether government is a better allocator or the private sector

this was a surprising amount of work, at least for me. Federal outlays since 2014 and then same from April 2020 to date. The massive size of the covid and post covid response is obvious. how can anyone take the Fed seriously now? how can anyone perceive or expect a Fed monetary cycle now? All ideas of being in a recession or about to be in one, or even a slowdown is a fantasy and sentiment. rpubs.com/GMR_NYC/1087587