China + FED + gambling addicts = MEGADOOM!Chinese birth rates are half of replacement not that the planet needs any more people. It's half because Chinese men cannot get married and have families as the price of real estate is so high as to be unaffordable. It's unaffordable because of MASSIVE money printing causing a housing bubble bigger than the US in 2008. So the poor Chinese guy lives in his parents basement watching porn.
Now...it gets worse....The commie dictatorship cannot let real estate prices fall as they are already seeing huge defaults among major developers. If they were to drive prices back to affordability they would destroy the largest asset class on the planet. So they too are between a rock and a hard place with no options...no way out...inflate or die and die anyway under crushing inflation and eventual civil unrest
Same dynamic exists here there and everywhere. They cannot tighten, cannot losen, cannot stand still. Every decision or non decision has severe consequences.....die by fire or die by ice...either will suffice
There's no way out of this....it's impossible now with the global levels of leverage and debt. IMPOSSIBLE.
So it's going to collapse...slowly or all at once but collapse it will.
Have a nice day!