Andy Cevallos: China's real estate sector is a huge part of its economy. He says if the government tries to rein it in, there will be 'a huge amount of turbulence' The Chinese have one of the highest home ownership ratios in the world and consumption is low compared to other countries. "If they're goingto clamp down on such an engine for growth, where does the growth come from?" he asks.
Bloomberg News Economics Reporter Rich Miller discusses the Fed tapering chatter that is obscuring something important: the already-under-way cutback of the federal government’s budgetary support -- which is likely to have a much bigger impact on economic growth next year. Bloomberg Businessweek Editor Joel Weber and Bloomberg Businessweek Writer James Tarmy talk about advances in concrete, elevators, and engineering that have created a new breed of “supertall” buildings. Bloomberg New Economy Editorial Director Andy Browne explains why Beijing's crackdown may soon land on Macau. And we Drive to the Close with Michael Sheldon, Chief Investment Officer at Hightower RDM.
Hosts: Carol Massar and Ed Ludlow. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.