The Kevin McCullough Show - China Moving to Buy Stock in Saudi Aramco
Show Notes:
- David appears @ 38:05 on the show.
- In a continuing effort to convert the Yuan into the world's oil reserve currency, China is looking to buy stock this week into Saudi oil company Saudi Aramco.
- IMF is saying debt is out of control in spite of a continuing expanding market. David warns the higher the market goes, the worse the inevitable correction could be.
- Markets that will be most affected are the bond and pension markets (since most pensions rely on bonds). He thinks the real estate market will be ok since it doesn't seem to be overvalued like in 2008.