"In a looping debate rant, Mr. Trump argued that an increasingly “political” Fed is holding interest rates low to help Democrats in November, driving up a “big, fat, ugly bubble” that will pop when the central bank raises rates. This riff has some truth to it... The stock market should be a barometer of the economy, but in practice it has become a barometer of Fed policy."
Trickle-down Trump’s largesse to the rich along with his mirage of spending cuts paint a gold-plated trump o'well finish on America’s decline: No plan to reform or replace the Fed. No breaking up banks too big to fail. Puts Goldman-Sachs in charge of the Treasury. The establishment has already given Trump a comb-over they can live with.
The richest man in China, Wang Jianlin, made his ~$30 billion fortune developing huge malls and office complexes across China and he now shares his thoughts on why Chinese real estate is the "biggest bubble in history."
“I’d find it earth-shatteringly surprising if we don’t have a significant problem between now and China’s leadership change” in the fall of 2017 when the 19th Party Congress convenes, said Leland Miller, China Beige Book’s president. “This is not a stable economy. It’s one that twists and turns and happens to end up at the same spot. There are real problems below the surface.”