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Yep. And it will be reflexive, since the debt was loaned out against future production, exacerbating the downturn. Some cities might become safe havens for Ch
by carsongross 10y ago
Yep. And it will be reflexive, since the debt was loaned out against future production, exacerbating the downturn.
Some cities might become safe havens for Chinese wealth, not much individuals can do about that except wait it out and hope that the US government starts working in the interests of its broader population, rather than the already rich landowners in a few cities.
At a higher level, this is why privately issued debt is no way to manage your money supply.