China’s Brewing Crisis Is A Thousand Times Greece’s

The reason why the Greek debt had such a widespread impact on the Greek economy is that government-controlled banks and pension funds were the creditors of the general government and governmentally-owned corporations. And the haircut shifted losses from one government unit to another.

Things are even worse in China when it comes to the potential of a systemic risk crisis.

Big Data: Too Many Answers, Not Enough Questions

One of my favorite examples of why so many big data projects fail comes from a book that was written decades before “big data” was even conceived. In Douglas Adams’ The Hitchhiker’s Guide to the Galaxy, a race of creatures build a supercomputer to calculate the meaning of “life, the universe, […]