The World Financial System Is Rife With “Stimulus” Junkies

China’s Services PMI for August veered upwards, but that’s not the news. Noting that China’s massive but fracturing bubble in unused luxury apartments (upwards of 70 million are empty) is a serious headwind, analysts for HSBC were quick to plead for more stimulus: The economy still faces downside risks to growth in the second half of the […]
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