http://www.bloomberg.com/apps/news?pid=20601109&sid=an0ehK2dtdXg&pos=11
There are more and more reports every week about china's bubble about to explode...
China is “on a treadmill to hell,” said Chanos, who said in January the nation is Dubai times a thousand. “They can’t afford to get off this heroin of property development. It is the only thing keeping the economic growth numbers growing.”
Now I know Ive posted my fears many times about this, and this is not scare but a real inquiry as to what everyone believes will happen to the Aussie RE market should this occur. I just bought my 3rd ip so I am concerned.
I read the market ticker that is run by Karl Denninger (don't know how many of you guys know about him; but he's spot on in all his analysis) and he sent me a personal email today telling me that in his estimation China will "definitely" explode towards the end of this year and advised me to sell.
I am 100% convinced that China will not make it past this year without incident, how big the impact will be I'm not sure...
Read this...
http://globaleconomicanalysis.blogspot.com/2010/04/email-from-chinese-on-chinas-real.html
So I guess my question is, if this scenario plays out as expected by these analysts, whats the impact to our RE market? Will china still honor the resource contracts they have with Australia? Without china, our GDP falls through the floor.
There are more and more reports every week about china's bubble about to explode...
China is “on a treadmill to hell,” said Chanos, who said in January the nation is Dubai times a thousand. “They can’t afford to get off this heroin of property development. It is the only thing keeping the economic growth numbers growing.”
Now I know Ive posted my fears many times about this, and this is not scare but a real inquiry as to what everyone believes will happen to the Aussie RE market should this occur. I just bought my 3rd ip so I am concerned.
I read the market ticker that is run by Karl Denninger (don't know how many of you guys know about him; but he's spot on in all his analysis) and he sent me a personal email today telling me that in his estimation China will "definitely" explode towards the end of this year and advised me to sell.
I am 100% convinced that China will not make it past this year without incident, how big the impact will be I'm not sure...
Read this...
http://globaleconomicanalysis.blogspot.com/2010/04/email-from-chinese-on-chinas-real.html
So I guess my question is, if this scenario plays out as expected by these analysts, whats the impact to our RE market? Will china still honor the resource contracts they have with Australia? Without china, our GDP falls through the floor.