In the past few years, there has been a saying circulating in the economics community. It is believed that after entering the 21st century, there are two huge bubbles in the world, one is China's real estate and the other is the United States.
Judging by many measures, both have entered a state of madness before. And whoever bursts the bubble first will be pulled away by the other side in the future, and may never even be able to catch up within this century. Therefore, the showdown between the two bubbles has become the most concerned thing in the world.
At present, China's property bubble is bursting. China's real estate market has experienced a thunderstorm in terms of transaction area and transaction value, with a decline of 40% from a high level. However, China's housing prices are still rising, and new houses are still firm, but the decline in second-hand housing is relatively high.
At this time, although the bubble has burst, it is not a hard landing, and China is trying to avoid a hard landing and is preparing to achieve a soft landing.
The United States' ** continues to rise sharply, and it seems that there is no way to break it at present, but the U.S. stock market is only one step away from a record high.
Therefore, many people, even economists, believe that the showdown between the two bubbles is over, and that China's property market bubble has burst, so it has already lost.
I have a different opinion on this, after all, the bursting of the bubble is only the beginning, and whether or not it can make a soft landing is the final key. At present, China's property market is in the process of a soft landing, and the US stock market is still crazy. And the higher it rises, the greater the risk in the future, look at the US debt, that is a thunderstorm.
Of course, now the market is very optimistic, and many people even think that the ** bubble in the United States does not need to land at all.