China's RE bubble will burst. You can replace the word China with BC and it resonates perfectly. Also our market seems to be linked to theirs now, so we should keep an eye on this:
http://www.charlierose.com/view/interview/10960
This Guy Gets It – “These Values Are Artificial” – Joseph Barbuto on ‘The
Really Big Show’
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RE Bubbles; Record debt; About 50% overpriced; Collapse inevitable; Return
to 2-4x income; Bail-outs essentially impossible… Interview with Joseph
Barbuto ...
1 week ago
Thanks for the link.
ReplyDeleteIt sounded really scary if the chinese RE bubble does blow up.