The looming real estate crisis in China, from 60 Minutes:
4 Comments
Booty Juice
on March 3, 2013 at 6:37 pm
Could be. Chanos went short 3 years ago and predicted the collapse would happen in ’10. Maybe it’ll happen this year.
tj & the bear
on March 3, 2013 at 9:05 pm
Could be??? This is a nuke on a timer, but nobody knows how many ticks are left.
At least the Chinese haven’t yet experienced a burst bubble and thus have an excuse.
avgjoe
on March 4, 2013 at 5:14 am
I saw the program last night. I think bloggers have been talking about this for years. Building for the sake of building. The parties seem to last longer than you think.
Markets can stay irrational a lot longer than you can stay solvent!
sdduuuude
on March 4, 2013 at 2:08 pm
“Markets can stay irrational a lot longer than you can stay solvent!”
Need to change your name to aboveAverageJoe cuz the avgJoe really doesnt understand this. 🙂
Could be. Chanos went short 3 years ago and predicted the collapse would happen in ’10. Maybe it’ll happen this year.
Could be??? This is a nuke on a timer, but nobody knows how many ticks are left.
At least the Chinese haven’t yet experienced a burst bubble and thus have an excuse.
I saw the program last night. I think bloggers have been talking about this for years. Building for the sake of building. The parties seem to last longer than you think.
Markets can stay irrational a lot longer than you can stay solvent!
“Markets can stay irrational a lot longer than you can stay solvent!”
Need to change your name to aboveAverageJoe cuz the avgJoe really doesnt understand this. 🙂
One of my favorite sayings.