Real estate

What Capital Controls? Chinese Buyers Flood US Real Estate Market With $110 Billion

We've chronicled extensively the capital flight taking place out of China and into anything that is perceived to hold value as fears that the yuan will devalue persist (here, here, and here). Now we're able to learn just how much individual wealth has been poured into the United States real estate market over the past few years. According to the study (which excludes most purchases by companies and trusts), Chinese buyers have invested a massive $110 billion into the US real estate market between 2010-2015... and it's expected to double by 2020.

Meet Donald Trump's Chinese Fan Club

"I think Donald Trump has the guts to say things that normal people in the rest of society fear to say," said China's Gu Yu. He says he is 100% supportive of Trump, and even though he can't cast a ballot, he says the Americans that can should trust Trump. Meanwhile, despite her vocal support for China, Hillary Clinton just can't seem to catch a break: ""If she can't manage her husband, how can she manage America?" And Sima Nan, a television pundit sometimes described as China's Bill O'Reilly, openly calls her a "crazy old woman."

Ralph Nader: Clinton Is Winning By "Dictatorship"

With Trump now practically assured of the republican candidacy and the only remaining race being that between Hillary and Bernie, Ralph Nader, a former presidential candidate himself, had some disturbing if accurate words about the democratic primary process. In a story published in US News, Nader said that Hillary Clinton is "going to win by dictatorship" in the Democratic race against Bernie Sanders adding that "Twenty-five percent of superdelegates are cronies, mostly. They weren't elected."

Satyajit Das Is "Astonished Investors Haven't Raised Pitchforks At Policy-Makers"

"They’re going to have to stop people from taking out cash... I would argue that it’s not going to be able to be dealt with, and it creates enormous social and political pressures… What we’re going to see is a period of financial repression, which is very, very dangerous... I honestly don’t know how it’s going to end. In the 1920s and 1930 when similar pressures built up, it didn’t actually have a very good ending."

China's Credit Growth Grinds To A Screeching Halt: Why This Is Very Important

The biggest concern for China, and the world, is that now that China's credit impulse is gone, it means that the it is only a matter of time before the impetus behind Chinese, and global growth, evaporates as per the timeline persented in the following Goldman chart, which explained the surge in Q1 economic activity, and which now anticipates a steep slowdown in the second and subsequent quarters unless China manages to stoke its unsustainable credit growth once again.

The Biggest Threat To Jeff Bezos And Amazon: President Trump

Donald Trump is unhappy with Jeff Bezos, and it now appears that the biggest threat to Amazon isn't revenue growth and profit margins, it's a potential future President Trump who may deem AMZN to be anti-competitive and force it to break apart.  In an interview with Sean Hannity, Trump went off on the Amazon founder, accusing Bezos of having The Washington Post (which Bezos purchased for $250 million in late 2013) run political hit pieces on Trump, apparently to stop Trump from going after Bezos for having a monopoly.

The Biggest Source Of Global Growth In 2016 Is About To Hit A Brick Wall

crash car testAfter issuing a record $1 trillion in combined bank and shadow loans in the first quarter which just like during the financial crisis provided a short-term catalyst for global growth (and sent China's debt/GDP to new all time highs) China's dramatic debt issuance binge is about to hit a brick wall. The reason: combined new loans in April by the Big Four state-owned banks were more than halved from March's level.

Dear Homeowner, What Exactly Do You "Own"?

If we understand property taxes as a lease from the local government for the right to gamble on another housing bubble arising, we see "ownership" in a different light. As the saying goes, buyer beware, especially if there's no limit on how high desperate local governments can jack up their lease fees, i.e. property taxes.

Paul Ryan Signals "Unity" With Donald Trump: Live Webcast

Following their much anticipated meeting first thing this morning, Donald Trump and Speaker Paul Ryan touted that they are "totally committed to working together" in a joint statement after their high-profile Thursday morning meeting, calling for "shared principles" and a "conservative agenda."

Why Hedge Funds Have Rarely Been More Bearish: Highlights From The SALT Conference

Following last week's Sohn Conference, where the overarching theme was one of prevailing bearishness topped by Stanley Druckenmiller's near-apocalyptic forecast that only gold will be left standing after all confidence evaporates in the "magic people" known as central bankers,  yesterday some 1,800 hedge fund industry executives gathered in Las Vegas at the SkyBridge Alternatives Conference or SALT, where the prevalent concern about the future of the world continued, driven primarily by worries about China.

Getting It All Straight - Trumpism, Nationalism, Patriotism, & Libertarianism

Speaking very generally, American libertarianism is consistent nationalism: not the expansionist, militaristic nationalism of Europe, but that of the Founders. In this country, a nationalist necessarily upholds the American tradition of limited government, the rule of law, and – yes – “isolationism” (“She goes not abroad in search of monsters to destroy”). No wonder John Kerry preaches the virtues of a “borderless world,” and warns graduating students of the dangers of “looking inward”! Empires aspiring to world hegemony don’t recognize the legitimacy of borders, and as for looking inward – why do that when we have a whole world to conquer?