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)