Kyle Bass on why China must crush real estate and why it is uninvestiable. Absolutely!
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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Many thanks for drawing this important interview to our attention.
So the real estate industry is 33% of China’s economy – anyone know what percentage it is in Australia
If we assume that the Banks are defacto RE, then the Aussie economy is pretty close to 25% RE. As the boys say, houses and holes sums it up.
What about NZ? Their economy seems to be real estate and a few sheep and tourists
25-30 percent of GDP
ZH also had a similar article, https://www.zerohedge.com/markets/kyle-bass-believes-fed-will-be-forced-abandon-hiking-rates-stocks-crash
Higher oil IS interest a rate hike
He speaks the truth. Xi also banned any foreign tutors teaching english. Why? Because the Chinese parents were spending inordinate amounts on getting their children educated- mainly because they wanted them to learn english. A whole industry has been taken down overnight, in order to try to reduce the burden on chinese with young families. He knows that if he doesnt there will be major unrest