ShareonReddit ShareonGoogle+ E-mail Photographer:ZhangPeng/LightRocketviaGettyImages China’sHousingBoomLooksaLotLikeLastYear’sStocksBubble KanaNishizawa October7,2016—12:00AMHKT ShareonFacebookShareonTwitter DeutscheBank,GoldmanwarnofgrowingChinapropertyrisks ...
It was during one of these long and arduous sessions that I stumbled upon a post on Reddit, singing the praises of Cyberpunk Programmers. With nothing left to lose and my back against the wall, I decided to reach out to them, praying that it wasn’t too late to turn the tide in my...
The 2000s began with the Federal Reserve narrowly missing the zero lower bound on short-term interest rates. Then the US needed a housing bubble to attain full-ish employment in the mid-2000s, a decade that ended with the US and other major economies f...
China has created the largest credit and fixed investment bubble as a share of GDP in all of world history, with the possible exceptions of the Egyptian pyramids and China’s Great Wall. 🙂 All bubbles burst. The largest bubbles burst spectacularly. Historically, every 60 years or so (durin...
At this point I expected them to pick up the six mini cakes—which were already housed on cute little plastic plates with a clear bubble cover–and place them in one of the boxes I saw behind the counter. But this is what two of them did: Placed each mini cake (still in its ...
what the towers represent was enough to inspire a sense of awestruck wonder in this family. And while American economists continue to bash China’s urbanization process, calling this the ‘biggest real estate bubble ever’, they tend to forget that it was in America that the skyscraper was ...
Today China is 1.4 billion strivers, many of whom juxtapose within themselves tradition and modernity, freedom and duty, obeisance and hustle. The hand of the state is the ever present guiding force. It manages this striving, swaying the direction of industry and prescribing a set of public vi...
RobertShiller,thewinnerof2013NobelPrizeineconomics,believesthattherealestatebubbleisaseriousprobleminChina. TheU.S.economistRobertShiller,whohasbecomeoneofthethreewinnersofthe2013NobelPrizeforeconomics,hasvisitedChinaseveraltimesandhasobservedonseveraloccasionsthatahousingbubbleisinflating. ...
Email|Print|Comments twitter facebook Sina Microblog reddit BEIJING, April 21 -- Despite a further slowdown in the first quarter, China will not face acrash as some pessimistic observers warned of, a prominent Chinese economist has said.Yu Yongding, an economist at the Chinese Academy of Social...
Entering the Superbubble’s Final Act By Jeremy Grantham “The current superbubble features an unprecedentedly dangerous mix of cross-asset overvaluation (with bonds, housing, and stocks all critically overpriced and now rapidly losing momentum), commodity shock, an...