Cory's Insights – Tue 18 Mar, 2014
PBOC Denies It Will Bail Out Collapsed Real Estate Developer While Chinese Property Developer Market Crashes
Bail-outs! The US does it, the EU does it, and now China is doing it. The saying “kicking the can down the road” seems to be the strategy for all central banks. Until one central bank stands up and puts a stop to this we are just going to see this continue.
This chart should also be considered.