When Bubbles Burst: China Lets Speculators Fall. The US Catches Them.
And a crash may be coming. After peaking in 2022, U.S. home prices are softening. Yet instead of preparing for a downturnâas Keynes prescribedâthe U.S. government is doing the opposite: buying stakes in Intel, defense firms, and rare earth miners at market highs. This isnât public investment; itâs reverse Keynesianismâpropping up overvalued assets before they collapse. […]