The CCP is a clown show. China has borrowed from its people to over produce housing for the last 25 years, and the massive over production caused commodity prices to shoot sky high for a decade and then crash. A massive distortion in global prices of crucial materials for manufacturing which was partially offset by the cheap products exported from China. Now wages in China are as high as many western countries that model is over and China is stuck with a 100 Year supply of housing it can’t sell. And local governments are heavily indebted with falling revenues and the CCP doesn’t have the money nor the borrowing power to cover those debts. A classic debt spiral scenario. The CCP will have to devalue the currency 80-90% and write down $Trillions in debt and rebalance its balance sheet.
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Please invite Brian more
Have your ever been outside of US 😂😂
The CCP is a clown show. China has borrowed from its people to over produce housing for the last 25 years, and the massive over production caused commodity prices to shoot sky high for a decade and then crash. A massive distortion in global prices of crucial materials for manufacturing which was partially offset by the cheap products exported from China. Now wages in China are as high as many western countries that model is over and China is stuck with a 100
Year supply of housing it can’t sell. And local governments are heavily indebted with falling revenues and the CCP doesn’t have the money nor the borrowing power to cover those debts. A classic debt spiral scenario. The CCP will have to devalue the currency 80-90% and write down $Trillions in debt and rebalance its balance sheet.