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Alessio Rastani went on a UK news channel on Monday to discuss where stock markets were heading. By Tuesday he was an Internet sensation.
Was it that he said, as someone who bets against markets rising, that he "goes to bed every night dreaming of a recession?" Was it that he said investment bank Goldman Sachs ruled the world and not governments? Or was it that bloggers started to ask if he was just a "fake trader" who duped the media?
China's growth rate has been artificially driven by building cities with millions of homes that nobody lives in or can afford to live in.
A real estate bubble is forming in China - It has been stated by top investors that this real estate building program makes upto 90% of China's GDP.
No need to say what will happen when this bubble bursts.
drs7773ify 4 months ago