China thinks that America may be building the greatest economic bubble in history.
That’s according to a Globaltimes editorial published on Wednesday, where China raised concerns about the blowing of a bubble in Wall Street.
How so? Because, corporate executives are selling shares, as equity prices soar, according to the editorial.
“A bubble is building in the US stock market, which is always an important indicator for the US economy,” says the editorial. “The performance of the US equity market is usually considered to reflect on how well US-listed companies are doing. Executives usually sell their shares because they lack confidence in their companies. It is a negative signal for the US economy.”