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Whoosh! The Great Chinese Property Pullback - Brace for Tumbling Real Estate Prices; Chinese money pulling out of property in Sydney, London, New York
Topic Started: 8 Aug 2017, 02:22 PM (5,106 Views)
Tick Tock
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Go to the actual smh link at the top of the article and watch the auto report about just how much debt everyone is in.

I think the SHTF maybe happening soon. :?:
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Rufus
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Lukey
8 Aug 2017, 04:44 PM
Go to the actual smh link at the top of the article and watch the auto report about just how much debt everyone is in.

I think the SHTF maybe happening soon. :?:
hard to tell. On the same day we get this article -

China Will Spend $1.5 Trillion on Foreign Companies in a Decade: Report

link - https://www.bloomberg.com/news/articles/2017-08-08/china-to-spend-1-5-trillion-on-outbound-m-a-in-a-decade-report
Take risks - if you win you will become wealthy, if you lose you will become wise
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herbie
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Lukey
8 Aug 2017, 04:44 PM
Go to the actual smh link at the top of the article and watch the auto report about just how much debt everyone is in.

I think the SHTF maybe happening soon. :?:
Tha problem for bears is that 'they'll' just come up wif new ways ta nut us anyways.

Like sheesh, even misery gutted ole Steve Keen isn't actually a 'Mises' type bear - So even he has bin busy dreaming up new 'fun' ways ta tool bears over.

Hey, that's just life folks ... :)
Edited by herbie, 8 Aug 2017, 05:10 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Tick Tock
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Rufus
8 Aug 2017, 05:05 PM
hard to tell. On the same day we get this article -

China Will Spend $1.5 Trillion on Foreign Companies in a Decade: Report

link - https://www.bloomberg.com/news/articles/2017-08-08/china-to-spend-1-5-trillion-on-outbound-m-a-in-a-decade-report
Ye cos they're trying to do what Japan did in 70's and 80's by becoming a new manufacturing giant and printing money like thers no tmrw.

There has been talk of a China credit crunch also :wak:
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Rufus
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Lukey
8 Aug 2017, 05:19 PM
Ye cos they're trying to do what Japan did in 70's and 80's by becoming a new manufacturing giant and printing money like thers no tmrw.

There has been talk of a China credit crunch also :wak:
Japan was different. Japan experienced a huge real estate boom which crashed, so Japanese investors sold overseas assets to repatriate their money because it was needed back in Japan to salvage their investments and companies. Those companies were privately owned. There are about 127 million Japanese.

China on the other hand has mostly state owned enterprises, not private companies. The government capitalises the banks who are largely state owned, to lend to the state owned enterprises. They can do that forever, unlike Japan. China has more than 10 times the population of Japan - about 1.4Billion.

If the financial system in China collapses, which is unlikely, the people buying houses in USA, UK, Canada, Australia & NZ will leave the houses there, they are buying them as an asset that can't be lost if China implodes or if the Yuan falls in value - they are buying a store of wealth that can't be taken off them by the Chinese authorities no matter what. It might look similar to Japan in the 80's, but it's not.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Rufus
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Another perspective -

Australian house price growth looks set to slow as foreign demand dries up
https://www.businessinsider.com.au/australian-house-price-growth-looks-set-to-slow-as-foreign-demand-drys-up-2017-7

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Edited by Rufus, 8 Aug 2017, 07:09 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Foxy
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Zero is coming...

The old Tick Tock....
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Simon_S
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Fresh fears China's debt bubble could burst

Quote:
 
One of the world’s top economists has warned that China’s addiction to debt and reliance on investment-led growth will trigger a severe financial shock when its unsustainable economic model implodes.

Harvard economics professor Ken Rogoff said a hard landing was inevitable for the world’s second largest economy as policymakers try to steer the economy towards domestic consumption.

Speaking ahead of the 10th anniversary of the financial crisis, when BNP Paribas suspended three funds holding US subprime assets, professor Rogoff said “human nature” meant the risk of a damaging financial crisis had not been eliminated by the post-crisis wave of regulation.


Ahhh....Good Times..... :lol
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herbie
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Foxy
8 Aug 2017, 07:32 PM
The old Tick Tock....
I thinks I just could hafta shortly renames poor ole Foxbat (as in we's all be gunna eatin' grass next month mate) as "Thick Thock" ... LOL
Simon_S
8 Aug 2017, 07:47 PM
Ahhh....Good Times.....
Yep. As ya says, things just aren't lookin' three bad at all Simons ... Unless one's you! - LOL
Edited by herbie, 8 Aug 2017, 08:13 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rufus
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Simon_S
8 Aug 2017, 07:47 PM
Rogoff's austerity ideas have been pretty much discredited.

Krugmann had this to say -
“So where does Ken’s call for short-run austerity come from? As best I can tell, it comes from a generalized sense that debt is dangerous…”.
Take risks - if you win you will become wealthy, if you lose you will become wise
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