The next global market to meltdown may be China. Some people say it’s nothing short of an economic miracle, other people don’t believe in miracles and that instead it’s a bubble with a gloss coat.
Kenneth Rogoff on China
We have been talking about the idea that the Chinese ‘miracle’ could not last indefinitely, in this clip from Bloomberg, Harvard Economist Kenneth Rogoff (co-author of ‘This time it’s different’) talks about China having a real estate bubble in the making, the bursting of this bubble is not about ‘if’ but when… Watch this space! [If the clip doesn’t play for you then follow this link ]