International Law

Holy Crap!, It?s An Asset Bubble

By Stan

I kinda thought this was common knowledge and had been so for many weeks now, but for some reason there has been a flurry of commentary on China’s asset bubbles over the past couple of days.

Remember when the government came out last week and told us all that it would be slowing things down a bit on the lending side of things? Of course, they sort of backtracked on that after the market tanked. Nevertheless, it was an official acknowledgement that things were running a bit hot in the securities and real estate markets.
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Full post as published by China Hearsay on August 04, 2009 (boomark / email).