In this video, I speak about the China real estate bubble that is in deep trouble.
China has continued to lower rates to try to compensate for the lack of GDP growth.
The ghost cities are a massive problem that no one has a solution to.
There is now nearly 1 real estate developer going bankrupt in China per day.
Just like the USA real estate bubble collapsed the markets in 2008, I believe China is going to be the trigger that collapses the market.
It is quite worrisome that the largest real estate developer has $3.6b due in principle from their $300b in debt over the next 60 days.
Do you think the markets are going to continue to be propped up? Or do you think the markets are just starting the descent lower?
Let me know in the comments section below!
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#Chinabubble #marketcrash #debtbubble