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
Relax, it's just a mid-cycle expansion
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The market adopted a risk-off tone when headline Q1 GDP came in lower than
expected at 1.6%, compared to an expected 2.5%. More importantly, core PCE
rose ...
1 day ago
Thanks for the link.
ReplyDeleteIt sounded really scary if the chinese RE bubble does blow up.