Property prices in Beijing fell 35% between October and November and the Shanghai stock index has fallen 30% since May. As much investment in China has been financed by credit, does this mean that the Chinese economy is in trouble? Is it about to experience its 2008 crisis in 2012? What will be the effects for Western economies should China experience a financial crisis and massive deleveraging? Click here to read more.
According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money. George Selgin , a free banker, takes an opposing view - click here . Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.