Sea of red shows pace of the bursting Chinese property bubble
Absolutely must read post from China observer Patrick Chovanec on the bursting of the Chinese property bubble.
The numbers don’t seem to lie.
The rate of decline in foreign investment in property in the last two months in particular are stunning…
The storm is no longer on the horizon. The rain drops are falling and it sure sounds like that thunder is getting damn close.
How long till Wayne Swan and the RBA swing into action we see some serious fiscal and monetary stimulus…?