Discussion in 'Economics' started by Doji7, Aug 5, 2008.
China Real Estate the next FIASCO !!!
Slow down in the US is finally being felt in other countries, by the time we finally step out of the recession (18-24 months) they will be about just half way over with theirs.
China is in a serious bubble. this is a house of cards big time. if their export engine slows down much, they are screwed.
Brazil is other big bubble.......and will burst
like past bubbles
Brazil bank shares trading 3 times book price
Brazil third world bonds paying 6%
and Citicorp perpetual bond yielding 10%
Brazil prices have no sense
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