Robert Kiyosaki blasts China as ‘foolish’ says stock market is ‘in trouble’
The prominent investor and author of the best-selling personal finance book, “ Rich Dad Poor Dad ,” Robert Kiyosaki, has been a prominent bear – though a bear with an optimistic spin – on both the U.S. economy and the global economies for a long time. On Thursday, March 21, Kiyosaki took to X to state his opinion that the efforts of the Chinese government – implemented earlier in 2024 – to stabilize its stock market are both foolish and desperate. The author explained that the actual problem facing China’s economy goes beyond the stock market slump that wiped out approximately $7 trillion since 2021, and it is, in actuality, the fact that global consumption has significantly decreased. Picks for you Cardano adds over 2,000 wallets per day in 2024 57 mins ago What is the best day to buy Bitcoin? 2 hours ago Major sell-off incoming: This crypto will unlock $120 million in tokens 16 hours ago Solar stock shines bright: The ene...