My Recent Press Mention
The Real Risk of the Chinese Economy
A quote from the above article -
Outsiders do not realize how tense things are in China right now and bad business is. In my local mall where police used to stroll by, large battalions of police troops are now regular guests. Small tanks and rows of paddy wagons line the street under the Starbucks every night.
Beijing has backed themselves into a corner and the downside risk is this: announce the apartment owners that their homes are now worth 50% less. Then see what happens in Tiananmen Square.
The Real Risk of the Chinese Economy
A quote from the above article -
Outsiders do not realize how tense things are in China right now and bad business is. In my local mall where police used to stroll by, large battalions of police troops are now regular guests. Small tanks and rows of paddy wagons line the street under the Starbucks every night.
Beijing has backed themselves into a corner and the downside risk is this: announce the apartment owners that their homes are now worth 50% less. Then see what happens in Tiananmen Square.
