Hao Hong of GROW Investment Group says China’s total local government debt is likely much higher than official figures. He says investors who are attracted to Chinese high-yield dollar bonds are betting on ‘very substantial’ policy measures by the government.
Meredith Whitney, founder and CEO of Meredith Whitney Advisory Group, talks about what’s ‘gumming up’ the US housing market, and points to generational schisms as a key point of concern.
Realty Income Corporation CEO Sumit Roy, joins ‘Mad Money’ host Jim Cramer to talk Fed rate cuts, realty income and the move in 10-year treasury yields.
Strong demand for new housing has smaller builders ripe for takeover. The Japanese have been big players because their cost of capital is low and their building efficiencies are high.