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Private Markets To Implode As Fed Hikes to 7% | Bilal Hafeez
Forward Guidance
Is There Too Much Savings in China?
It seems like there should just be cash all around China. There's tons of money. So where did the money go? And why do the debt need to be so big to finance these things? Wouldn't they have the money? Yeah, no, that's a great question. The government has done is it's basically forced households to save too much at very low interest rates and then companies take those savings and invest in production - which allows them to produce stuff at low prices and exports. In more recent years, what's happened is that they've hit the limits to how much they can export. A lot of that cheap money has gone into real estate, domestic real estate, which has
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