From what I understand (limited as it is), the Fed has to tighten upon money to unwind all of the leverage from supporting effectively negative interest rates for years of propping up O-bozo. Now that The Donald has real growth going, the Fed has their opening.
Meanwhile, I am guessing that the POTUS, unlike his Libtard foes who think he is stupid, understands that China has fiscal feet of clay.
Traveling to Shenzhen about a decade ago, I was amazed to see literally hundreds of very tall cranes filling the horizon with building projects.
It was incredulous.
Was such unbridled construction tainted by ambitious government plans to house people in better earthquake-resistant living conditions?
Large scale government investments create enormous waste and abuse because they are not grounded in entrepreneurs who carry great risk on their backs.
Apparently China is a Black Swan catastrophe waiting to happen because builders and bankers don’t have adequate skin in the game.
I think this is what the author is talking about.
“Meanwhile, I am guessing that the POTUS, unlike his Libtard foes who think he is stupid, understands that China has fiscal feet of clay.”
Well said. I agree.