The Largest Asset Class In The World Just Collapsed
Image Source: Unsplash
New home sales in China collapsed by 42% in October when compared to last October, representing more than just another setback for the beleaguered Chinese real estate market, the world’s largest asset class. This is a major problem for Chinese banks, not that they were expecting different. So, we see interest rates are back to moving lower, setting multi-month lows with the latest short-lived stretch of optimism based on Chinese tech stocks being burst yet again by the reality stocks are not real life.
Video Length: 00:20:13
More By This Author:
The Consumer Recession Is Already HereThe Fed Is Losing Control Of Repo Markets (Again)
You Won’t Believe How Bad The Cash Shortage Just Got
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
