A Far-East Fiasco?

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“China is unlikely to escape the fate of developed countries, it faces rising unemployment. This raises a question – will it lead to political unrest?,” asks quest contributor Vitaliy Katsenelson. But if the Chinese economy continues to deteriorate, the Chinese government will stop buying US Treasuries and, even worse, will start digging into its US reserves. He concludes: “Long-term US government bonds are likely the most overpriced asset in the world, period!” […]

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