bloomberg businessweek." ♪ carol: we are here with the editor-in-chief of "bloomberg businessweek," joel webber story on china talking about how they are maybe getting around the laws of economics. joel: the chinese, i think it is just a fascinating story. we can basically do a china issue every single week. i think this is a particularly interesting one because there is a lot of questionable data. carol: yeah. joel: when we were talking about this story, i said i think the thing that really resonates with me about this is that the writer basically says we don't understand why this is happening, and yet maybe they had actually figured out something that no one else has figured out, which is part of a conversation i think we haven't had before. carol: there's some basic rules of economics. china continues to the five that. -- defy that. you guys talk about their growth, still there but slowing down dramatically. joel: it is almost too perfect. carol: and talk about a steady line, their mountain of debt continues to grow. some would argue you need to overhaul their system. joel: this is probably

." ♪ carol: we are here with the editor in chief of "bloomberg businessweek," joel webber. lot of good stories this week. joel: i try. carol: and you succeed. i want to start with finance, first of all, the digital currency world. while we spend time talking about bitcoin, there's another currency that you guys have been looking into. joel: part of this is, the crypto boom and maybe the receding of said boom that has created a lot of confusion. right? it seems like bitcoin is a hot thing, and then ethereum and ether. where are my supposed to get into this? there is another that has caused a lot of attention recently, called ripple. so we wanted to take a hard look at ripple. one of the things we did is, in talking to the banking community -- because ripple says it is a banking solution. we talked to the banking community said, we don't know what this is for. carol: not so much? joel: xrp, the digital currency affiliated with ripple, the thing is sort of like, what is this going to be for? even though there is a lot of enthusiasm, there's still reason to be really skeptical.

joel webber. a lot of good stories this week.

." ♪ carol: we are here with the editor in chief of "bloomberg businessweek," joel webber. oel: i try. carol: