While politicians are more than willing to rattle their economic sabres at China, we suspect, after China flaunted a range of high-tech weaponry at the International Defense Exhibition and Conference in Dubai, we suspect Washington will slow its roll a little with any kinetic warmongery...
Let's start with lasers, says Popular Science's Jeffrey Lin and P.W.Singer...
Art Market Bubble Bursting - Gauguin Collapses 74% To $22 Million
Via MauldinEconomics.com,
The probability that a real estate bubble may burst in China is rising. The financial sector heavily depends on real estate, which in turn exposes the entire Chinese economy to systemic risk.
This link means that a downturn in real estate could soon spread to other areas of the Chinese economy if banks face liquidity shortfalls.
Russia and China have prevented the UN Security Council from imposing sanctions on the Syrian government for its alleged use of chemical weapons. On Tuesday they vetoed a UNSC resolution that had been drafted by Britain, France and the United States. The measure won nine votes in favor, while China, Russia and Bolivia opposed it. Russian President Vladimir Putin described the draft resolution as “totally inappropriate” and that it would have undermined efforts to end nearly six-years of conflict in Syria.
For a majority of China watchers, while Beijing's goalseeked GDP reports are largely dismissed as politburo propaganda, most of the attention falls on the PBOC and banking sector's credit creation, and particularly, how this translates into broad money supply, or M2, growth: after all, in a nation which has roughly $35 trillion in bank assets, the biggest variable is how much cash is being injected into the system, and what happens with said cash.