- 26 Dec 2021 20:01
#15204549
This video argues that the Chinese real estate bubble is the biggest bubble of all time. The first part of the video is a good explanation of what's going on, if you are new to this.
What seems to be happening is that the Chinese govt. is constantly pumping billions into real estate to keep the economy from collapsing. Which is throwing good money after bad (google sunk investment).
While China has billions it can use to put off the inevitable crash, those billions can't be used to do things the country needs doing. We had a similar problem here, after our 2008 crash. Which is why the American govt is loaning billions to itself...
Anyway... good video.
What seems to be happening is that the Chinese govt. is constantly pumping billions into real estate to keep the economy from collapsing. Which is throwing good money after bad (google sunk investment).
While China has billions it can use to put off the inevitable crash, those billions can't be used to do things the country needs doing. We had a similar problem here, after our 2008 crash. Which is why the American govt is loaning billions to itself...
Anyway... good video.
Facts have a well known liberal bias
- By Pants-of-dog
- By Unthinking Majority
- By Skynet