Forecast Revisited
The Jacob Shapiro Podcast
00:00
The Chinese People's Response to the Financial Crisis
The housing issue in China is not going to go away. Like that's going to be there no matter what. And I don't know how China's going to figure that out. They're going to have to try like their best case scenarios, we've said before - having a lost decade and redistributing it without the whole system going up. We're looking at a challenge to the legitimacy of the Chinese Communist Party,. But it's also one of those huge probability, but absolutely enormous magnitude. If we get to your doomsday scenario that China has failed in aggregate, that means they haven't.
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