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 ChinaMarshall Auerback
Is this why Australian officials are signaling full-metal austerity ahead? Paradoxically, from the MMT point of view, of course.
ReplyDelete