https://pjmedia.com/richardfernandez/2009/08/17/the-cloudy-crystal-ball/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usFri, 12 Jun 2026 14:22:45 -0400<![CDATA[Ambrose Evans Pritchard argues in a Telegraph article that China may be in serious economic trouble, citing a widening gap between production and consumption that is creating excess capacity.  On the one hand, sales are falling, with exports down 23% from a year ago. On the other hand, output is rising as a result of  &#8220;an investment blitz in roads, railways, and industry through state-owned companies&#8221;. The result is one trend line going up and another trend line going down.]]>Mon, 17 Aug 2009 03:10:04 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2009/08/17/the-cloudy-crystal-ball-n188972