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by OnlineCourage
2223 days ago
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Concrete has poor liquidity though both literally and figuratively so when it turns out you spent way too much money on concrete instead of agricultural development you are screwed. Also, US financiers are bondholders, meaning the public. The public reposessing corporations would mean nationalization, which...Chinas economy is already far more nationalized than the US. |
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The Fed is buying up all the corporate junk bonds.
And with all the impending bankruptcies, they’re probably a few steps away from buying company stock outright. You can sugar coat this all you want, but it is effectively nationalization.