More Great Economic News: China’s Potential Economic Bubble

If you read Instapundit, you would’ve seen a link covering China’s potential economic bubble today:

The froth is going into property. Experts argue heatedly over whether or not China has managed to outdo America’s subprime bubble, or even match the Tokyo frenzy of late 1980s. The IMF straddles the two.

It concluded in a report last week that there was no nationwide bubble but that home prices in Shenzen, Shanghai, Beijing, and Nanjing seem “increasingly disconnected from fundamentals”.

If you have followed motorcitytimes.com and the Resistance.com, you would’ve known about this potential problem months ago. Actually, 8 months ago.

Via My Post @ The Resistance (March 31,2010):

China’s economy is almost entirely based on exports. Mainly exports to the United States. And with Obama and his Democrat henchmen working overtime to keep us economic crises mode, the Chinese economy is going to have a hard time hanging on and continuing to purchase our debt.

If this trend continues, we could be facing a tough economic road ahead.

It is also interesting that the Chinese are predicting our recession will continue until 2012. I wonder why that is.

Just thought I would point this out…

Comments
  • theCL December 6, 2010 at 7:15 pm

    Not long ago I pointed out on my blog concerning the foreclosure crisis and other economic calamities, that you and I have been on top of this stuff for a long time.

    Read the blogs folks! Stay ahead of the crowds!

    • steve December 6, 2010 at 7:22 pm

      Yes, read the blogs… Well, the conservative blogs. Avoid the lefty ones.

  • Matt December 7, 2010 at 12:57 am

    Here’s a testimonial…

    I always read Motor City Times and The Classic Liberal for the economic views that you’ll never see on those damn lefty bloggers.

    Well done!

    • steve December 7, 2010 at 6:11 am

      Thanks Matt!

  • theCL December 7, 2010 at 1:29 pm

    I always read Motor City Times and The Classic Liberal for the economic views that you’ll never see on those damn lefty bloggers.

    Amen!

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