David Goldman: China a 'Steady State' Economically

The video discusses China's economic situation in 2016, focusing on the housing bubble and the People's Bank of China's response. It highlights the enthusiasm for investment in China, leading to speculative behavior in the housing market. The video also covers China's shift in monetary policy, the transition to a service economy, and the potential impact of a housing market bubble burst. It concludes with a discussion on market speculation and investment strategies.

Discuss the transition of China's economy from a smokestack and export economy to a service economy.

What concerns are raised about the stock market in relation to the housing market?