Welcome to Capital Account. Today, European Central Bank President Mario Draghi announced a bond-purchase program in the euro zone with no set limit. But why should you, who may be thinking about your future and your retirement, care about Super Mario’s latest policy response? Our guest Susan Fujii editor-in-chief of Kung Fu Finance says you can’t afford to ignore the macroeconomic landscape if you are trying to protect yourself in this new economic environment. She joins us to explain why.
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China used $158 billion on infrastructure? I have a feeling that the next housing bubble collapse will hit China because look at their ghost towns. I have a feeling that when the Western economy will collapse, a lot of people will be looking for China that has a lot of commodity reserves such as gold which is maybe the reason why China is building a lot of ghost towns.