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: Mortgage Lender Implode-o-MeterInflation in China Escalates - Miracle Expansion or Bubble to Burst?
By Implode-Explode Heavy Industries
The US appeared to be growing rapidly in 2006 and early 2007 on the backs of housing and commercial real estate expansion. When housing crashed, people were reluctant to spend, banks were reluctant to lend, and businesses were reluctant to hire.
Before anyone gets too excited about the miraculous looking expansion in China, one needs to take the above ideas into consideration.
Full post as published by Mortgage Lender Implode-o-Meter on September 12, 2010 (boomark / email).
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