By eliminating other alternatives for investing saving and encouraging real estate speculation, the Chinese government compels its citizens to sustain a Ponzi scheme, allocating resources where they are not needed.
People fuel financial manias with greed and foolish optimism. Generally, prices...
Are Chinese savers coerced into supporting a real estate Ponzi scheme?
Tuesday, April 5, 2016
OCHN: Are Chinese savers coerced into supporting a real estate Ponzi scheme?
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