China wipes out two decades of housing wealth while red screens hit stocks and US markets bleed at open
China property was big wealth engine. Now big drag on growth. Global markets feel China pain quick through trade and sentiment. Policy fixes slow. Expect ongoing volatility. Lesson for everywhere: too much wealth in one asset risky when rules change. Something big is happening in China. pic.twitter.com/uqPj5nPToZ — NoLimit (@NoLimitGains) July 7, 2026 $200,000,000,000 wiped …