Chinese Debt Problem Worse Than US

It’s fascinating to see everyone focusing on how bad the #Real_Estate market will get the #US but completely ignoring the real estate situation in #China, which is by a magnitude much worse. 

You think the #FED will print and “dilute” the #USD? Wait till you see the #PBOC

Here are some numbers to put things into perspective 👇

#US:

#GDP: $25 trillion

#Money_Supply (M2): $21 trillion

#FX_Reserves: It has the USD

#Banking_Assets: $24 trillion

#Non_Performing_Loans (Dec 2022): $143 billion

#Real_Estate: Represents 36% of Americans household wealth

#China:

#GDP: #Officially: $18 trillion

#GDP: Unofficially: $14 trillion (shorturl.at/deMU8)

#Money_Supply (M2): $40 trillion

#FX_Reserves: Total: $3.1 trillion

#FX_Reserves: Liquid: $900 billion

#Banking_Assets: $55 trillion

#Non_Performing_Loans: ??

#Real_Estate: Represents 62% of Chinese household wealth


Here… https://t.co/qixr0vKKgP
(https://twitter.com/mnicoletos/status/1645717845144219648?t=-wQsTKoPUOeYkSEzj69hTQ&s=03

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