2010-02-14 — blogspot.com
"This story in MarketWatch tells of one of the hottest new property markets in the world, just off the southern coast of - you guessed it - China, where rising prices make the 10 percent gain on the mainland during the month of January look almost tame by comparison."
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CrisisMaven at 16:10 2010-02-15 said:
Ah yes, China, the land of outrageous phantasies and mystery, for a short while overshadowed byan even more mysterious and glittering Dubai where one would ski in thre dessert and play golf on helipads 1,500 feet above ground. Now China has new shopping malls with between 99% to 50% vacancy rates, a monument like to founder Mao to the prescience of state planners. Marvelous! there's only one little, really tiiny lte flaw: all the numbers of the past 50 years are invented! China is not abubble in the making, it always a bubble! And now China on its feet of clay is fast approaching a collapse bigger than the Soviet Union's. Permalinkadd a comment | go to forum thread
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