On 2024-07-19, Kirk Spragg <Kirk.Spragg@f420.n105.z1.fidonet> wrote:
> mg> Found that video I was thinking about, wrong channel but deals a lot in
> mg> what we are talking about
> mg> https://www.youtube.com/watch?v=d7SVsqg4Jzk&t=30s
> I watched it a couple of days ago . That is quite an interesting video which
> synthesizes a lot of the sporadic info I have come across regarding China's
> realestate collapse and their demographic collapse.
> I did not realize how heavily Chinese families were investing in realestate. I
> though it was just the local governments.. the whole thing (as described
> by the video you linked) sounds like a giant ponzi scheme, one that has
> collapsed quite spectacularly.
> That gotta hurt & its hardly surprising that Chinese families are not willing
> to spend more than they have to.. which is going to make increasing GDP &
> economic recovery that much harder for China.
> I really wonder how they will pull themselves out of this mess.
> ... Veni, Vidi, ROFL -- I came, I saw, I -laughed-!
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