China’s Housing Boom

QUESTION: Mr. Armstrong; What about the Chinese housing bubble. Why has this been so different in many ways?

IX

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.

Latest Posts

Zelensky Pushes for World War III

Zelensky offered to resign if Ukraine joined NATO, which he knew would start World War III. Sure, he will fly to Miami with his stolen billions and fund the Neo-Nazis [...]
Read more