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and should not be construed as investment advice. The views
and actual events or results may differ materially from those reflected
and from 1996-1999 it grew at least 4.3% in each
professors Robert Shiller and John Campbell conceived
it is eclipsed by economic cycles and political changes. For
and is generally referred to as The Wealth of Nations.
and could trace the inspiration to China’s
and the other marked the founding of arguably
and the housing market became overheated. Globally
China had to cool the economy and tackle the
the rapid housing price increases in 2010 and 2011
not down) and pumped up a huge stock bubble
and the lagged effects of the tightening measures
Chinese banks and financial institutions have to report