* As usual, “real result” of United Russia would have been around 35% instead of 50% (and a simple majority instead of a Constitutional majority). But Western criticisms much less effective in the wake of analogous – if statistically implausible – claims about the 2020 US elections.
* EVERGRANDE. I was a China bull since I started blogging in 2008, but one thing to bear in mind is that most of its more developed neighbors had financial crises around its current level of development. 30 years without a major correction. Tread carefully.
OTOH, if it does happen, I don’t expect it to be anywhere near as bad as, say, the 1997 Asian financial crisis. Disbalances in China are a lot more modest than in the affected countries back then. And really much of this is China taking preemptive actions to deleverage its overheated property market in order to avoid a real crisis a few more years down the line. Adam Tooze is calling it a “controlled demolition.”
My guess is the musical chairs still have some time to run, there’ll be a fourth Corona wave this winter and associated stimmies, stocks still have room to grow despite Buffett Indicator being at 200%, and Bitcoin will be making new ATHs before the New Year. Let the printing continue!
* Lee Jussim and Nathan Honeycutt: The Accuracy of Stereotypes: Data and Implications. Endorsed by Pinker.
* POWERFUL COMMENT. Vanya on Russian research on nuclear rockets.
* Glenn Greenwald on the latest in the Russiagate scam. But, it’s done its job. Nobody cares now.
* Steve Sailer: Foundation vs. Dune. I wasn’t a big fan of the book, I allow that the movie will be better. Have yet to see it.