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
Sovereign Debt –A Crisis With No Easy Fix
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In this issue: Over the past two decades, the leading industrialized
economies of the G7 have undergone a profound structural change to their
national ba...
1 week ago
Thanks for the link.
ReplyDeleteIt sounded really scary if the chinese RE bubble does blow up.