Wednesday, May 21, 2014
Marshall Auerback — Home Construction Crashing In China
Looks like the Chinese RE bubble may be popping. If that's the case, will the Chinese government deal with the consequences of a financial crisis more effectively than the US in preventing contagion that takes down the real economy with it?
Macrobits by Marshall Auerback
Home Construction Crashing In China
Marshall Auerback
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1 comment:
Is this why Australian officials are signaling full-metal austerity ahead? Paradoxically, from the MMT point of view, of course.
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