#080 Nick Glinsman: Investors Beware China
The Julia La Roche Show
00:00
The Implications of China's Real Estate Bubble
The biggest real estate bubble in history just went. Now, what does that have on China's economy? Everybody said, well, you know, the minute they reopen, we're going to get revenge buying and spending by the consumer. No, you're not. And this is simple behavioral economics. It has espoused by carnival or tahla. They've just gone through year three years of code. So there's no social welfare and that was played. This is what you get with the communist state, especially socialist. Those consumers that can afford to go out and spend their biggest asset was their real estate which just took a massive hit between 40 and 60%. In case is wiped
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