Finance Does Not Create Bubbles, People Do


As Zerohedge points out, if somebody arrived on our planet from Mars there would be one single easy way to explain him the main difference between a typical American family and a Chinese one, and, by doing this, he would learn something really important about our beloved “bubbles”

There you go:

The answer to the question: “Where do you keep your money ?” is really interesting here.

And note that both countries manage to create bubbles and bubbles in the financial sector (US) and in the real estate one (China), this is the final proof of the fact that finance does not create bubbles, people do.


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