The biggest publics works projects in the history of the world is going on right now. It has nothing to do with the Fed or the U.S. at all. It’s China. They went from a tightly controlled system to verbally expressing their desire to open up. Sounds good, right? But why are they building millions of empty homes in China? Why are they willing to tolerate millions of empty homes, bailing out businesses, and literally buying shares of the Chinese stock market? Could it be that a massive deflation is underway which entirely coincides with the U.S?
A Fifth of China’s Homes Are Empty. That’s 50 Million Apartments
Chinese state bank chief warns against buying property now ‘because there’s no money to be made’ | South China Morning Post
China’s manufacturing and private firms will get more support, says economic planning chief | South China Morning Post
Chinese Cities Buy Off Housing Glut With Borrowed Money
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Japan Finally Concedes Its Crazy Low Prices Can’t Be Beat
Japan’s Nikkei tumbles into a bear market after Wall Street’s latest slide – MarketWatch