If Arthur wants to say objectively, is there any bubble in the Celestial Empire?

Then his answer was undoubtedly yes, and the bubble was not small. However, he did not think that this so-called big bubble would easily burst, so he added a deadline to time.

The main characteristic of an economic bubble is the rapid rise in asset prices and subsequent sharp declines. Speculators often do not think they are in the bubble because they believe that prices will rise.

Moreover, the necessary conditions for forming a bubble are not only required to support it with unprecedented super loose flow xing, but also behind any bubble there is a new word, new technology, new products, new economy, new concepts, new business models, etc. behind it, which triggers investors' longing for investment prospects.

Finally, behind the formation of any bubble, there is a local support from the visible hand. In order to prevent economic downturn and to promote economic development, the kind support for the bubble has caused unfortunate consequences...

The real estate market is hot and the land prices continue to rise. The sweaty labor income is even far less than the income from real estate speculation or financial investment. What is even more terrifying is that the so-called tough bubble is constantly being promoted, which seems to be a bubble that will never burst under the guarantee of ZF...

This is why there has always been a sound that the Heavenly Kingdom is repeating the super foam in the foot basin type, and it is the foam generation stage. It has to be said that there are indeed many similarities with the super foam generation stage of the foot basin that year.

The bubble will always burst and will not keep piled up.

Anyone who knows some common sense of economics understands that for a healthy economy, real estate should not appear in its financial trading market. However, after real estate is given financial attributes, it begins to produce immeasurable huge energy on the entire financial system.

On this planet called Earth, only three countries have tried this huge energy to destroy the world, including the top three economies in the world economy, Bald Eagle, Foot Basin and the Celestial Empire.

Of course, in fact, many small countries have tried it, but due to their small economic size, the impact on the world is very limited.

It is precisely because of the subprime mortgage crisis of the Bald Eagle and the twenty years of disappearing the foot basin that the earthlings finally deeply understand the destructive ability of this energy comparable to that of Thanos of the purple potato essence. Now, some people are worried about what kind of sequelae will bring to the world economy in the current super bubble of the Celestial Empire.

As a former Celestialist, Arthur knew too well the development of the Celestial Empire in the next ten years, so he knew that there would be no problems in this real estate bubble within ten years, but if there were no problems, it did not mean that it would not be a problem.

Because in the next ten years, the only thing that everyone in the Celestial Empire cares about is housing prices. In the future, the proportion of real estate in household assets will reach more than 70%, which has reached a point where almost no one can accept the decline in housing prices.

Yes, everyone hopes to enjoy the economy after sleeping. If you lie down and fall asleep, you can make money by rising housing prices. However, is this really the case? How many people can make this money?

In the stock market, the price that is not sold is never a real profit, and cashing out of real estate is more difficult than stocks. Can anyone be sure that they can become the five percent cash out and leave the market?

Corresponding to the illusory high valuation is negative assets. Negative assets can eat people. They have eaten bald eagles, ate foot basin, but have not eaten Tianchao people yet...

However, what is even more helpless is that Arthur knows better than anyone else that there are two kinds of tragedies in the Celestial Empire, one is lack of money and the other is not having a house.

What if there are neither?

Haha, is society going to abandon you?

Stop being funny, society doesn’t even know who you are!

Arthur, who was already at a higher position, looked back at the Celestial economy and was naturally very clear about the huge risks and crises here. However, from ten years later, he did not see the so-called bubble burst, but there were indeed some clues.

High housing prices and real estate bubbles were very complicated for most people at that time, but overall, the mentality that had the most advantage was the mentality of luck.

It is this kind of luck mentality that many people think that the real estate bubble has collapsed more than a dozen times, isn’t it still continuing?

However, this kind of mentality is like the one who feels that the first nine buns are redundant after eating the tenth buns, and ignores the existence of the cumulative effect. At that time, people who have houses in the capital were thinking that they have risen for more than ten years, and it has not been bad for the rise for more than a few years, right?

However, in fact, in all financial trading markets, turning a blind eye to obvious risks is often the last stage before the collapse.

This is just like a simple fact, when the last snowflake comes, no one can tell which snowflake caused the avalanche. Once the avalanche breaks out, no snowflake is innocent.

Arthur and Smith Jama’s hype about how huge the market with a population of 1.3 billion is actually nothing more than the vanity of the soul that refuses to let foreigners look down on the Celestial Empire. When the super bubble of real estate causes serious resource mismatch and emptys all people’s pockets, living in a house worth ten million lives a poor life, and a school district house easily emptys the wallet of a middle-class family…

The so-called huge consumer market is just a hehe. If you have no money, you can still spend a lot of money!

Of course, all of this will happen in ten years. Now it is naturally a prosperous and booming economic miracle. Arthur's little arm and tui has no way to care what it will be like in ten years. Now, all he needs to do is take this fast-developing economic high-speed rail to make money and make a lot of money!

However, it seems that today is in the match against the bubble topic. Arthur and Smith have just discussed whether the economic miracle of the Celestial Empire is a super bubble. Smith threw out a new question and asked Arthur to make judgments and decisions.

"Since the gold price broke through the $1,000 mark, the international financial community has never stopped discussing whether there is a bubble in gold prices. Among the seven major global financial bubbles selected by Forbes recently, the gold bubble ranks first, which has caused the debate that had originally calmed in the market to be ignited again.

Boss, the proportion of gold in your asset allocation is almost half. Do you consider reducing your holdings?" Smith Jama saw Arthur's frown, but still said what he needed to say.

Arthur shook his head and looked at Smith with some confusion and said, "Didn't we discuss the issue of gold investment many times before? I think you all know my ideas and decisions very well, why do you still ask this?"

"Mainly this time, the debate about the theory of gold bubble is very fierce, and there are many different opinions and debates in the company. Out of the attitude of being responsible for your boss, I must report the real situation to your boss for your reference and make a decision." Smith said with a serious expression.

"Haha, thank you." Arthur nodded with satisfaction and continued, hearing the reason Smith said, "But I still have my original opinion and decision. Not only does there be no bubble in gold, it is still underestimated.

As for different views and suggestions, they can provide their own arguments for our reference. After all, no one can be sure of the future situation. My basis is that gold is considered the best tool to fight inflation. The rise in gold prices over the years has not yet caught up with inflation. In the future, the market will be in a low interest rate and high inflation environment for a long time. From this perspective, the rise in gold prices will continue.
Chapter completed!