In the Chinese city of Ordos, empty skyscrapers loom over largely empty roads, empty town plazas, and empty schools. It’s China’s best-known ghost town. The empty buildings in Ordos and other places—started as part of an ambitious government plan to build hundreds of new cities—are monuments to inefficient allocation of capital.
David Glocke and Sarah Hammer discuss rebalancing a portfolio to include more
money market funds and reduce exposure to equities.
to understand the costs associated with your retirement