https://arxiv.org/pdf/2603.20617

This video: https://www.youtube.com/live/aijrM_-xV2Q?si=xm6c_-lJ6nVjecmj Argues (AI Summary:) China is suffering a fiscal crisis after the April 28 Politburo meeting. Facing plunging land revenues, massive debt, weak demand, and no major stimulus, Beijing shifts to extraction: criminalizing private-sector actions, expanding financial surveillance and exit bans, taxing offshore wealth, and auditing religious institutions. Lei warns these moves signal deepening systemic control and economic strain. Worth watching. The details it highlights weren’t captured by the summary, and some are pretty significant.

As we discuss about how housing becomes a luxury in an economy thats diving into luxuries, I keep seeing everyone frame the problem as "renting vs buying". But for me, all I see is luxury rentals and the real comparison should be having your own housing vs living with family like they do in other countries that have great inequality. In practice thats what I see: more people living with parents/in-laws after marriage, living "in the basement" after college, etc. So why are we still comparing rent cost to mortgages, according to the Cantillon effect hasnt that become redundant?

Breaking down the current events through the lens of the Credible Threat Theory

https://x.com/wesroth/status/2042502081677017109?s=46