Monday, December 12, 2011

Home Prices Are Crashing in China

I hate doing this type of post...but the title really says it all. 

Anyone who is still long commodities needs to give their head a shake. 

http://financialpostbusiness.wordpress.com/2011/12/07/timber-home-prices-are-crashing-in-chinas-ghost-city/


Enjoy!

Kevin

1 comment:

  1. Crazy.

    From Ambrose Evans-Pritchard:

    "It is hard to obtain good data in China, but something is wrong when the country's Homelink property website can report that new home prices in Beijing fell 35pc in November from the month before."

    http://www.telegraph.co.uk/finance/china-business/8957289/Chinas-epic-hangover-begins.html

    -Joel

    ReplyDelete