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August 05, 2010

Ruh oh

The next bubble set to burst.

Two years after the US subprime crisis, China is seeing its own real estate bubble as a result of massive state stimulus programs. Many economists are warning it could burst soon, with unpredictable results for the global economy.

In Chinese, the characters for "unpredictable" and "blindingly obvious" are the same. True fact.

Posted by Ghost of a flea at August 5, 2010 08:44 AM