Is the Far East bubble popping?

Discussion in 'Economy' started by william the wie, Jun 1, 2010.

  1. william the wie
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    william the wie Gold Member

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    as of yesterday China, Japan and Australia have all reported bad news in both real estate and industrial production. Is everybody too focused on the Euro problem? Just wondering.
     
  2. KissMy
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    KissMy Free Breast Exam

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    China realty bubble bursts in bond markets
     
  3. antagon
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    antagon The Man

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    just the first tremors, i suspect, but it will pop, for sure. china is certainly the most overrated economic challenger on the map. many hurdles yet to hop for them, yet respectable folks persist in the starry-eyed appraisals. <--- this is a bubble indicator on my radar.
     
  4. antagon
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    antagon The Man

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  5. editec
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    editec Mr. Forgot-it-All

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    Well...weren't we all sort of expecting a slowdown in China's economy?

    So much of it is based on exports.

    And the nations which it depended on for export revenues are going broke.

    And when their economy falters (as our has) naturally the value of the real estate is apt to drop as their workers cannot pay for their (probably also) overpriced RE.

    The vicious cycle of deflation continues, folks.
     
  6. Neubarth
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    Neubarth At the Ballpark July 30th

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    As I have been saying.
     
  7. Toro
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    Toro Diamond Member

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    It may be. Canada and Australia will be hit especially hard if it is.
     
  8. william the wie
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    william the wie Gold Member

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    According to au.com a housing correction is happening now. The Australian nickle mine has been closed and China is importing less across the board. Industrial production has declined for both nations. This may stay in the correction zone for months it took 29 months from first break in momentum to meltdown in this country but there is insufficient data to tell when this started in China. There were regional real estate corrections in Australia last year. The declines in both federal and state homebuyer credits have not been coordinated so it is hard to determine a starting date there too, not as hard with China but still hard.
     

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