China’s hidden crisis & the West's dangerous wealth bubble
· 41 min
Episode China’s hidden crisis & the West's dangerous wealth bubble
In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau reveal the hidden macroeconomic realities behind China’s ongoing growth recession and local debt crisis, and expose how decades of central bank bailouts and Quantitative Easing have fuelled an inflated wealth bubble that leaves a fragile Western financial system dangerously vulnerable and dependent on US asset inflation.
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