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.
When COVID hit us, we flopped like a rock. We gave Americans five and a half trillion dollars. That boosted the economy way above...
Dr. Walter and Mark Hall discuss inflation and break down the current landscape and markers to look for. They discuss the difference in producers...
Mark Hall and Dr. Walter Kemmsies discuss the difference between World Trade and Globalization. northpointdev.com kemmsiesgroup.com