China
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 downturn—as Keynes prescribed—the U.S. government is doing the opposite: buying stakes in Intel, defense firms, and rare earth miners at market highs. This isn’t public investment; it’s reverse Keynesianism—propping up overvalued assets before they collapse. […]
