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Nicholas Glinsman on Banks, Commercial Real Estate, and China

Forward Guidance

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The Real Estate Bubble and the Youth Unemployment Rate

The real estate market has taken a massive hit from the bursting of the biggest bubble in history. And if you look at it, even the consumption side hasn't hit expectations. The other thing that I would suggest is this youth unemployment situation with another 11.8 million graduate sitting workforce. You're basically getting a skills mismatch whereby graduates are too skilled to do blue collar work.

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