The “recovery” has prompted an appetite for more “productive” investments…

EVEN SEASONED travelers can make remarkably dumb mistakes, writes Daily Reckoning founder Bill Bonner.

That’s why we are writing to you from Baltimore rather than from Beijing. For the second time in a single week, we got to Dulles International Airport yesterday and discovered that we lacked the proper visa for travel to China.

Read more: http://tinyurl.com/a8cgv59