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Fear empty flats in China's property bubble
MarketWatch ^
| Aug. 3, 2010, 8:30 p.m. EDT
| Andy Xie
Posted on 08/04/2010 12:23:33 PM PDT by Ernest_at_the_Beach
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To: blam
To: blam; Ernest_at_the_Beach; TopQuark
This is a graph from one of the comments:
The crash in 1997/98 was about 60 %.
22
posted on
08/04/2010 11:19:12 PM PDT
by
AdmSmith
(GCTGATATGTCTATGATTACTCAT)
To: Ernest_at_the_Beach
"...invest in China...is the mantra. "
You are absolutely correct. A month ago CNBC was all about euro going from 1.18 to parity with the dollar. All talk has stopped once euro reached 1.23. There is always mantra of the week. Today it's how well China is growing.
23
posted on
08/05/2010 7:00:59 PM PDT
by
TopQuark
To: blam
I was in China when this building fell over. My Chinese friend and I talked about it and he optimistically told me “notice how well built it is, none of the windows broke”. I still chuckle about that!
24
posted on
08/05/2010 7:04:15 PM PDT
by
keepitreal
( Don't tread on me.)
To: Ernest_at_the_Beach
No that building just fell over for lack of proper foundation work.
25
posted on
08/05/2010 7:05:53 PM PDT
by
keepitreal
( Don't tread on me.)
To: Ernest_at_the_Beach
Oops, sorry, saw already answered.
26
posted on
08/05/2010 7:06:54 PM PDT
by
keepitreal
( Don't tread on me.)
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