The roof, the roof, the roof is on fire

As China's economy lurches, markets fret its leader is willing to let the motherf***er burn

China now finds itself confronted by a dilemma: the more it cuts interest rates to revive growth, the more money is likely to flee the country.

The problem is that China’s borrowing costs are already too low relative to those in the world’s biggest and most liquid bond market: the United States. China’s government is paying about 2.6% to borrow renminbi …