If Arthur wants to say objectively, is there any bubble in the Chinese economy?
then his answer is undoubtedly yes, yes, and the bubble is not small, but he does not think this so-called big bubble will be easily broken, so he will add a time limit in time. The main asset of
''s economic bubble is the rapid rise in asset prices and subsequent sharp falls. Speculators often do not think they are in the bubble because they believe prices will go up.
there was no parallel in history. Besides the need for unprecedented bubble Xing, there is a new phenomenon behind any bubble, such as new words, new technologies, new products, new economy, new concepts, new business models and so on.
finally, behind any bubble formation, there is support from the local ZF. In order to prevent economic downturn and promote economic development, good support for bubbles has just had unfortunate consequences.
The real estate market continues to heat up, land prices continue to rise, and the sweat of labor income, even far less than through real estate speculation or financial investment. What is even more frightening is the constant publicity of the so-called rigid Xing bubble, which seems to be a bubble that will never be shattered under the guarantee of ZF.
this is why there has always been a voice saying that the Chinese Heavenly Kingdom is repeating the "foot basin" super bubble and is the bubble generation stage. What is more, it is quite similar to the generation stage of the super bubble in the year.
foam is always broken, and it will not pile up all the time.
People who know some economic knowledge know that for a healthy economy, real estate should not appear in its financial trading market. However, after the real estate is endowed with financial attributes, it begins to generate immeasurable huge energy for the entire financial system.
On this planet called Earth, only three countries have tried to destroy the earth and the sky. The world''s top three economies - the eagle, the footwell and the Chinese Dynasty - have tried to destroy the earth.
Of course, in fact, many small countries have tried, but the impact on the world is very limited due to the small size of the economy.
It is because of the subprime mortgage crisis of the white headed eagle and the disappearance of the footstool for 20 years, people on earth have finally deeply realized the destructive power of this kind of energy comparable to purple sweet potato Jing. Now, some people are worried about what the super bubble that will be in the world today will bring to the world economy.
, as a former Chinese man, Arthur knows too much about the development of the Chinese Empire in the next ten years. So it is also known that the property bubble will not go wrong in ten years, but it will not be a problem. It does not mean that it will not really be a problem.
Because in the next ten years, all people in China are most concerned about house prices. In the future, the proportion of real estate in household assets has reached as high as 70%, and almost no one can accept the decline of house prices.
It''s also true that everyone hopes to enjoy the economy after sleeping. If you lie down and fall asleep, you can make house prices rise and make money. However, is this really the case? How many people can make this money?
In the stock market, the price that has not been sold will never be called real profit, and the real estate cash out is more difficult than the stock. Who can be sure that he can be the 5% cash out?
Corresponding to the illusory high valuation is negative equity. And negative equity will eat people. It has eaten the white headed eagle and the footman, but it has not eaten the Chinese people...
However, what is more helpless is that Arthur knows better than anyone that there are two kinds of tragedies in China, one is no money, the other is no house.
What if neither?
Ha ha, will society abandon you?
Don''t be funny. Society doesn''t even know who you are!
has been standing in the higher position of Arthur, looking back at the economy of the Chinese Empire. It is clear that there are great risks and crises in it. However, ten years later, he did not see the so-called bubble burst, but there were some clues.
high housing prices and real estate bubble for most people at that time, the state of mind is very complex, but on the whole, the most dominant mentality is fluke.
is such a fluke mentality that many people think that the real estate bubble has been cribed and collapsed for more than ten times. Is it still continuing?
However, this kind of psychology is the same as feeling that the first nine steamed buns are superfluous after eating the tenth steamed stuffed bun, ignoring the existence of cumulative effect. At that time, including Arthur, who has a house in the capital, was thinking that it had been rising for more than ten years, and it was not bad to rise these years, right?
But, in fact, in all financial markets, turning a blind eye to obvious risks is often the last stage before a crash.
It''s like a simple fact that when the last snowflake comes, no one can tell which one caused the avalanche. Once an avalanche breaks out, no snowflake is innocent.
Arthur and Smith, JAMA, blow up the market of the one billion and three hundred million population. In fact, it is nothing more than the fact that the vanity of the Chinese people is not allowed to be ignored by the foreigners in the soul. When the real estate super bubble causes serious resource mismatch and empties everyone''s pockets, ten million of the houses live in poverty. A school district housing easily purses a middle-class family wallet. 。。。The so-called huge consumer market, but also a ha ha, no money, also consume a Mao!
Of course, all these things will happen ten years later. Now, naturally, everything is booming and booming. Arthur''s little arm and little Tui can''t manage what will happen in ten years. Now, what he needs to do is to catch up with this high-speed economic high-speed rail, make money and make a lot of money!
, however, it seems that today is on the bubble topic. Arthur and Smith have just explored whether the Chinese economic miracle is a super bubble problem. Smith throws up a new problem to let Arthur make his judgement and decision.
"since the gold price broke through the $1000 mark, the international financial community has never stopped discussing the existence of bubbles in gold prices. Among the seven global financial bubbles recently selected by Forbes, the gold bubble is the top. Let the dispute that had been settled in the market be ignited again.
Boss, gold accounts for nearly half of your asset allocation. Would you like to reduce your holdings? " Smith JAMA saw Arthur''s brow tighten up and said what he needed to say.
Arthur shook his head, looked at Smith with some doubts and said, "haven''t we discussed gold investment many times before? I thought you were very clear about my thoughts and decisions. Why do you still ask me that? "
"mainly this time, the controversy about the gold bubble theory is very intense. There are many different opinions and arguments in the company. For the sake of being responsible for your boss, I have to report the truth to your boss for your reference and decision." Smith said with a serious look.
"Well, thank you." Hearing Smith''s reasons, Arthur nodded and laughed, and continued, "but I am still the original opinion and decision. Gold price is not only a bubble, but also underestimated.
As for the different views and suggestions, we can let them come up with the basis of their own arguments for our reference. After all, no one can be sure of the future situation. My basis is that gold is considered to be the best tool to fight inflation, and the rise of gold price in recent years has not caught up with inflation. In the future, the market will be in the environment of low interest rate and high inflation for a long time. From this perspective, the rise of gold price will continue.
In the era after the financial tsunami, money and debt are overflowing. If we don''t buy gold, what else can we buy? "
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