Dr Andy Xie, renowned economist, opined that despite the Fed’s best efforts, such asset bubbles cannot be sustained. Could political instability in the US be the shock that deflates the bubbles? A bubble usually ends with a shock, such as an accounting scandal or rising interest rates. So much helicopter money may indeed lead to […]
Tag Archives: economic bubble
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Feb
Feb
Dr. Andy Xie, leading Shanghai-based independent economist, expressed his concern about Bitcoin in a feature on the South China Morning Post saying “Bitcoin is a Ponzi scheme masquerading as a futuristic currency. It was a small bubble until it found China last year. But when the Chinese government launched its crackdown, it was the beginning of the […]