What China's economic problems mean for the world

We will see a hard recession and job losses in 2025-2026. It will probably be worse than 2008. Borrowing will become unaffordable. The commercial property bubble is about to break here, too. We will be lucky to avoid a depression. Time to get out of debt, batten down the hatches, have a place to live that you own and don’t rent. Everything looked pretty good in 1929…until it wasn’t.