Rising Occupancy In China's Fake Manhattan Is "Mostly Government Driven"

China's copy of Manhattan is no longer a ghost town, Bloomberg reports. But that doesn't mean it has forever forestalled a "day of reckoning" for its debt-fueled growth.
China's copy of Manhattan is no longer a ghost town, Bloomberg reports. But that doesn't mean it has forever forestalled a "day of reckoning" for its debt-fueled growth.
Over the past week a lot of digital ink has been spilled trying to preview and predict what will take place during Trump's first official mammoth visit abroad, when over the next 8 days after an overnight flight on Air Force One, Trump will hopscotch from Saudi Arabia to Israel to the Vatican. He’ll close his trip with a pair of summits in Brussels and Sicily. The stakes are great for Trump who makes his debut on the international stage: he’s the first president since Jimmy Carter to not travel abroad during his first 100 days in office.
It has been a day of capitulation for Goldman. Just hours after the bank that controls the White House cut its forecast for Trump tax hikes by nearly 50% from $1.7 trillion to $1.0 trillion, moments ago Goldman, which starts off every single year predicting that 10Y yields will rise to 3.00% (or higher) over the next 12 months - much to our recurring mocking every single year - just cut its 10Y Treasury yield forecast for the end of the year.
Via The Daily Bell
Authored by Soren Kern via The Gatestone Institute,