Chinese nationals pour more than $150 billion over five years into US real estate But during the same period, at least $127 billion went into US homes, and in the 12 months to March 2015 — the latest period for which relatively comprehensive data could be gathered — home purchases totalled $39 billion. That put… Continue reading Chinese nationals pour more than $150 billion over five years into US real estate
Tag: china
The Daily View: 1/17/2016 (lots of stuff)
From Fred Reed: The Inevitability of Eugenics I predict within 50 years America will start giving Eugenics a serious consideration as a way to tackle the growing entitlement spending problem, which by then will be much bigger than it is now if trends persist. Liberals and conservative alike need to get over this squeamishness of… Continue reading The Daily View: 1/17/2016 (lots of stuff)
The China Shop in the Bull
This story of the market falling 450 points is going viral on Reddit, which is unusual because finance-related stories typically don’t make it on the front page. The fact the market fell a lot on the first day of the new year is meaningless. If one mines data long enough they will find all sorts… Continue reading The China Shop in the Bull
Economics Myths, Part 8: The Chinese Data is Fake
If you pay attention to the financial media inevitably you’ll come across unsubstantiated musings disguised as rigorous analysis about China’s economy being ‘fake’. But the funny thing is, you never hear similar stories about Brazil’s economy being fake, or about Turkey or Russia’s economy being fake, but China is a favorite target by the doom… Continue reading Economics Myths, Part 8: The Chinese Data is Fake
The Economic Crisis Is In Brazil and Turkey, Not China
As the media goes on and on about a supposed ‘China crisis’, as if a 1% decline in China’s GDP growth constitutes a depression, Brazil was recently downgraded to ‘junk’ by Standard and Poors, meaning that Brazil’s economy, which is heavily dependent on oil, is doing so poorly that the risk of default can no… Continue reading The Economic Crisis Is In Brazil and Turkey, Not China
China and The Liberal War on Success
Why does the crisis-seeking left want the economy of China to fail? Simple, because: In the late 70’s, China rejected Maoism and the Cultural Revolution, becoming a ‘Communism in name only’ type country, allowing for the proliferation of thousands of successful companies, eventually becoming the second largest economy in the world, with many billionaires and… Continue reading China and The Liberal War on Success
The Great Chinese Nothing
Just as quickly as the Chinese Stock market crashed – sending the western financial media into a tizzy, clicking their heels with delight the The Great Satan, China, would finally meet its comeuppance – it came roaring back as if nothing had happened, hence The Great Chinese Nothing. It never occurred to anyone that maybe… Continue reading The Great Chinese Nothing