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To: Tailgunner Joe

He really ought to worry about the granddaddy of all real estate bubbles. China has squandered over $1 trillion of capital building whole cities of apartments, retail space and public facilities. They sit empty and deteriorating with no return on investment. Also most of its urban real estate, upon which huge loans have been made, is greatly overvalued. The communist state planners have made some huge mistakes and those mistakes may be what brings them down.


2 posted on 02/15/2013 7:46:25 PM PST by allendale
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To: allendale

Tear down this China Wall.


3 posted on 02/15/2013 7:56:48 PM PST by bmwcyle (People who do not study history are destine to believe really ignorant statements.)
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To: allendale
You have to wonder if there's a message here.
14 posted on 02/16/2013 4:37:07 AM PST by meatloaf (Support Senate S 1863 & House Bill 1380 to eliminate oil slavery.)
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