william the wie
Gold Member
- Nov 18, 2009
- 16,667
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China has three major problems:
A real estate bubble that could wipe out 3-4 times US GDP as measured by PPP.
A collision course between Chinese wages and developed world productivity.
National accounts no one trusts. For example I stopped following ghost cities when I got confirmation of 10. Upto $50 Trillion of unused buildings is the SWAG I trust.
The market problems of the Far East and Europe today have been rugged, Australia offering 120% LTV mortgages is also interesting.
A real estate bubble that could wipe out 3-4 times US GDP as measured by PPP.
A collision course between Chinese wages and developed world productivity.
National accounts no one trusts. For example I stopped following ghost cities when I got confirmation of 10. Upto $50 Trillion of unused buildings is the SWAG I trust.
The market problems of the Far East and Europe today have been rugged, Australia offering 120% LTV mortgages is also interesting.
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