Here Be Animal Spirits
The Jacob Shapiro Podcast
00:00
The Chinese Real Estate Market Is Not Drinking Yet, Is It?
Em andy: How are you feeling to day, august fourth, about china? Em andy: I'm still on stimulus land, and they'll buy some time. But i do see some of the warning signs. The problem with housing is, again, it's a long term purchase. It's an iliquid purchase, liquid things that you can change your mind if the government says go by it. They just have to do something on the mortgage side - ok, you don't have to pay your mortgage for the next three years. Guess what? That may sound ridiculous. And am i think everyone, you and rob should dobtly just always remember this a.
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