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With all economist today looking at interest rates of the United States, the macro scale of economies are the only true indicator of long term financial outcomes which are cyclical. Let us look at the largest economy in the market place at scale, China.
"CHINA IS SYNONOMOUS WITH FINANCIAL FRAUD!"-MOISHE.
Currently they are experiencing what would appear to be a similar financial circumstance that the United States experienced in 2007 with the "mortgage meltdown." Over value/surplus/default/ foreign investment/ fraud and a economy addicted to the quick gains of a hyper inflated economy. Very similar to the United States "mortgage meltdown.
The picture adjacent is a "Ghost City." China has inflated their economy with many vacant cities that have been bult to inflate the economy. These cities have no residents. The buildings are mostly interior with no infrastructure or residents. A superficial city of cards backed by Chinese banks that now face a $356 Billion dollars in losses. This what is the basis of the Chinese economy. The housing market, "the Chinese Dream." Blackrock and HSBC along with other institutional investors await losses from defaults in the billions. This was easy to see coming! BLACK FRIDAY IS COMING
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