Just like the US in 2008, a perfect storm is building in China. The overbuilding, cash-flow challenges and lack of demand in China all could combine for a major financial disaster. Trump is right – now is the time to make a deal with China.
As the movie The Big Short showed, in 2008 few individuals saw the US sub-prime crisis before it raised its head.
The cause of the 2008 sub-prime crisis is discussed in the book Falling Eagle, Rising Tigers –
Politicians would have you believe that the 2008 financial meltdown was related to the more recent actions of one party or the other, but the roots of the 2008 housing market crisis really began in the 1930s with the creation of the Federal Housing Administration (FHA), which guaranteed […]
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