The article “House of Horrors” (Vol. 4, No. 15) presents a bleak yet realistic view of China’s real estate market. However, the analysis could delve deeper into the socio-economic repercussions for Chinese families who are now significantly poorer. The real estate bubble wasn’t just an economic miscalculation but a social disaster. Millions of families whose wealth was tied up in real estate now face an uncertain future. The government’s attempts to prop up the market by buying unsold houses and loosening lending standards are temporary fixes that ignore the need for substantial economic reform. China’s pivot from a real estate-driven economy will be painful, but it must prioritise sustainable growth and social stability over temporary economic boosts.
— James Harrington, Philadelphia
One of my coworkers is talking about putting all his money into TQQQ with the rationale of “if you look at the CAGR since inception it’s 40%, and as long as I don’t pull my money out during any drawdowns a…