China’s debt to GDP ration is 297%. Some of the increase in debt is because of the belt and road initiative. They lent money to a lot of countries to build infrastructure. That infrastructure hasn’t really paid off. China also has a lot of infrastructure that’s not being used in some of the poorest cantons. High speed rails, multiple airports that have been empty they finally just shut it down. On the flip side, China is also the single largest owner of U.S. Government debt and it is making everyone nervous.
In today's episode, Dr. Walter Kemmsies and Mark Hall discuss Megatrends like Cryptocurrencies, Electric Vehicles and the hype it caused in the stock market....
Mark and Walter discuss carbon credits For more information on North Point and The Kemmsies Group, visit: northpointdev.com kemmsiesgroup.com
Some countries impose higher tariffs on U.S. goods compared to the tariffs the U.S. imposes on their products. This can hurt U.S. exporters because...