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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.

Navigate accordingly.

Larry Doyle

Please order a hard copy or Kindle version of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.

For those reading this via syndicated outlet or by e-mail or another delivery, please visit the blog to view this video clip and to comment on this piece of ‘sense on cents.’

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  • Jimmy

    Wow. Talk about a manipulated market!!

    And this is somehow supposed to end well??!!

  • All that is missing are the tumbleweeds. Would think they will be blowing through soon enough.

  • Virginia

    So…does that mean that Wall Street financial socialism doesn’t work …anywhere?

    Life lands a freshing blow
    And once again our heart is broken
    And as history repeats itself
    These few words are sadly spoken

    I’ve passed this way before
    I’ve felt this pain before
    A hurt that took so long to end
    Has found my poor heart again

    Read more: Temptations – I’ve Passed This Way Before Lyrics | MetroLyrics

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