60 Minutes: “China’s Real Estate Bubble”
Posted by Larry Doyle on August 4, 2014 8:21 AM |
“Property prices have always gone up more than inflation . . . just like they believed in the US.”
Would you know as asset bubble if you saw it? Well if you saw 60 Minutes last evening as I did then you saw what is certainly a bubble in the Chinese real estate market. The Chinese cities and towns constructed but sitting vacant look strikingly similar to the backdrops used for sets at Disney amusement parks. Where are all the people?
This shocking 12-minute clip is a must view if you have any interest in navigating our global markets and economic landscape.
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