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Investment Analysis Clubs / Macro Economic Trends and Risks


Subject:  Re: the Chinese auto industry Date:  3/17/2019  12:31 PM
Author:  AdvocatusDiaboli Number:  555083 of 578199

Here they tour a ghost city and touch on the economics of the Chinese real estate bubble (from 2016):

And then do an update which is eye-opening (from 2018):

That's what happens if you have tons of capital and nowhere productive to invest it.
In order to keep the economy going, you have destroy it.
I prefer Keynes' solution of "burying money in coal mines".
That's less environmentally destructive than erecting vast cities of crappy buildings that no one can live in and that fall down after a few years.
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