1187: China's Dangerous Fake Economy & May's Mortgage Update

Jason Hartman takes today's show to go over his thoughts on J. Kyle Bass's speech from the recent CPDC Conference about China. As the second largest economy in the world, China carries a lot of weight, claiming to have around 15% of the world's GDP. But a closer look at the numbers gives us a sense that it might not actually be true. There are dangers lurking in the China economy that could lead to some bad events. Then Adam talks with Graham, one of the mortgage lenders with the network, about what interest rates investors can be expecting this month. Key Takeaways: [3:13] China claims to have 15% of the world's GDP, but there's little to prove that's true [5:49] Jason used to listen to the doomsayers, but it's not going to happen with such a demand for dollars [9:47] Endowments don't invest in the greatest things, but it's not a problem that should be that difficult to solve [16:12] The dangers present in China in their banking sector [19:16] Hong Kong is the most expensive real estate in the world, at $10,000 per square foot Adam's Mortgage Update: [23:43] We're seeing investment mortgage rates in the low-mid 5s [27:05] What will happen if the Fed decides to cut rates this year? Website: www.JasonHartman.com/Properties J Kyle Bass's Speec at CPDC Conference

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