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Trendytrader

Registered: Jan 2006
Posts: 1095

12-16-11 03:30 PM

News out of China is looking bad. Looks like a property crash is happening as well as an economic slowdown as exports fall. Eurpoean exports falling by double digit numbers from last year. Riots happening as property prices fall and speculators getting burnt.

Happy Xmas one and all!!

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nazzdack

Registered: Jul 2004
Posts: 8407

12-16-11 04:05 PM

Quote from Trendytrader:
----China is looking bad.
----property crash is happening....
----economic slowdown....
----exports fall.
----Eurpoean exports falling....
----Riots happening....
----property prices falling....
----speculators getting burned.

A bullish Christmas but a bearish New Year.

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dalen

Registered: Jul 2008
Posts: 77

12-16-11 04:23 PM

I wonder if this will have any toll on the housing market in Vancouver. A lot of the real estate here has been propped up by foreign (Chinese) money. I know there is a demand to live here, but the market here has been parabolic for over a decade now, will this finally cause a cool down?

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kiwi_trader

Registered: Aug 2002
Posts: 3719

12-16-11 04:45 PM

Australia is the same. Its on the end of a supply chain with the US and Europe on the other end and China in the middle.

Local politicians keep congratulating themselves on how well they ran the economy while the reality is that they were no better than any others - the Chinese just kept buying Australian minerals and propped it up.

The next year may be unpleasantly interesting. Which might reveal all before the elections.

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Trendytrader

Registered: Jan 2006
Posts: 1095

12-16-11 05:28 PM

I wonder if the Aussie central bank sees the writing on the wall hence lowering cash rate to 4.25%. Looks like commodity demand will be falling in 2012

As for property prices they are still falling in my town located in MA.

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Random.Capital

Registered: Jan 2005
Posts: 3848

12-16-11 05:46 PM

Quote from kiwi_trader:

Local politicians keep congratulating themselves on how well they ran the economy while the reality is that they were no better than any others - the Chinese just kept buying Australian minerals and propped it up.

Very similar situation to Canada.

We've been through this before, there is always a price to pay in the end, but institutional and generational memory doesn't seem to go back that far.

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