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The Bubble In China That No One Is Talking About
Harry Dent: Earlier today we discussed how China is in a race with the Saudis to build the world’s tallest skyscraper. But China’s not only trying to build the world’s tallest – the country seems dead set on building as many of these puppies as they can, period!
Of the 106 completed around the world last year, 62 – or 58% of the total – were in China. The next highest was Indonesia with nine, the United States Emirates at seven, and Russia with four. The U.S… only had two.
And it’s probably no surprise that China did the exact same thing the year before. In 2014, they finished 61 skyscrapers – just one less!
Since China is so clearly leading this trend up in the global bubble, it will most likely suffer the greatest depression to follow, as the U.S. did in the 1930s.
As bad as things could get here and in Europe, it will only likely be worse in China. And many economists still think China will have a soft landing. Good luck on that one!
The U.S. will hold up the best in this next crisis… and so will the buck.
So what do you think?
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This article is brought to you courtesy of Harry Dent.
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Source: http://marketdailynews.com/2016/02/02/the-bubble-in-china-that-no-one-is-talking-about/
