China Sovereign Wealth Fund Openly Admits Asset Bubble Addressed By Creation Of More Bubbles
One wonders at what point the US authorities will have the guts to at least admit what China is now openly saying is one big pyramid scheme. And as for the Fed's prudent approach to fighting bubbles - well, that is now completely discredited, as the only goal for the US Federal Reserve is to make sure that Wall Street's "VIP club" manages to cash out before all the stupid money and other retail investors, presumably before all hell breaks loose, and the latest bubble pops once more. Good luck to all.
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