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To: Biggirl

Based o a command economy that produces by fiat. The bubble will burst. Supply has outstripped demand. Prices for new homes are comparable to US new housing costs in major markets. Low income housing is being replaced upscale leaving the average worker without adequate housing. Because the economy is not based on demand it does not meet the needs of the citizenry. This is leading to disruption among the poor (read middle class) and a steady devaluation of the Yen.
China as the largest economy is a ruse. It is so because the Central Committee says it is so, not because it has grown naturally based on economic forces.


15 posted on 12/08/2014 8:19:23 AM PST by Louis Foxwell (This is a wake up call. Join the Sultan Knish ping list.)
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To: Louis Foxwell

That must be why they had protests back this past June in Hong Kong for that reason.


16 posted on 12/08/2014 8:43:45 AM PST by Biggirl (2014 MIdterms Were BOTH A Giant Wave And Restraining Order)
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