If nothing else, you have to give credit to the Chinese for always doing it bigger and badder. They have the biggest and baddest trains, the biggest and baddest dam, and they hosted the biggest and baddest Olympics ever. And now, they’ve completely outdone themselves by blowing a real estate bubble so big and bad that even Alan “Bubbles” Greenspan must be envious. Mike Shedlock over at Global Economic Analysis has a great article describing some of the crazy stuff going on in Chinese real estate. It’s definitely worth checking out.
-CH
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