The Fate of Europe is Doomed
QUESTION: Mr. ARmstrong, You have warned that your model will reach another turning point on May 15th. You have also said that Trump has no time for Zelensky or European [...]
QUESTION: Mr. Armstrong; What about the Chinese housing bubble. Why has this been so different in many ways?
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ANSWER: The primary difference is the simple fact that Chinese cannot take their money out of the country under the capital controls. Consequently, the property market has become their bank account. They have been moving from public to private assets in China as well. This is starkly different from housing bubbles in the West where it was not a capital shelter due to capital controls.