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
Can the Bulls Survive a "Let Them Eat Cake" Economy?
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There has been increasing concern about the K-shaped economy. Fed Chair
Powell specifically addressed this issue at the last post-FOMC press
conference:
T...
14 hours ago
Thanks for the link.
ReplyDeleteIt sounded really scary if the chinese RE bubble does blow up.