Killer Bunny Posted March 3, 2011 Share Posted March 3, 2011 Down 70%...From China Daily Quote Link to comment Share on other sites More sharing options...
rantnrave Posted March 3, 2011 Share Posted March 3, 2011 The Chinese are trying to find a way to stabilise HPs? Finally we have an area of expertise that we can export to them! Quote Link to comment Share on other sites More sharing options...
gravity always wins Posted March 3, 2011 Share Posted March 3, 2011 Down 70%...From China Daily Its only important if you don't know how volatile the Chinese real estate market is. Quote Link to comment Share on other sites More sharing options...
Deckard Posted March 3, 2011 Share Posted March 3, 2011 Its only important if you don't know how volatile the Chinese real estate market is. Really? Do enlighten us, please. Quote Link to comment Share on other sites More sharing options...
gravity always wins Posted March 3, 2011 Share Posted March 3, 2011 Really? Do enlighten us, please. Its very volatile! Will that do? Quote Link to comment Share on other sites More sharing options...
Deckard Posted March 3, 2011 Share Posted March 3, 2011 Its very volatile! Will that do? I am afraid not. Unless you can prove otherwise, a 70% MoM drop in the volume of transactions is pretty steep - by any standards. Quote Link to comment Share on other sites More sharing options...
gravity always wins Posted March 3, 2011 Share Posted March 3, 2011 I am afraid not. Unless you can prove otherwise, a 70% MoM drop in the volume of transactions is pretty steep - by any standards. Well do some research then and see what you can prove. I know what I know and I can't be ars*d to help you out. Quote Link to comment Share on other sites More sharing options...
kilroy Posted March 3, 2011 Share Posted March 3, 2011 Chinese new year? Quote Link to comment Share on other sites More sharing options...
Deckard Posted March 3, 2011 Share Posted March 3, 2011 Well do some research then and see what you can prove. I know what I know and I can't be ars*d to help you out. You certainly know how to troll a thread, that's for sure Quote Link to comment Share on other sites More sharing options...
gravity always wins Posted March 3, 2011 Share Posted March 3, 2011 (edited) You certainly know how to troll a thread, that's for sure Nope I just gave my opinion. I'm sorry if I gave another impression. BTW i have thousands of charts on stocks commodities and real estate going back years I shall see if I can dig something of use out. Edited March 3, 2011 by gravity always wins Quote Link to comment Share on other sites More sharing options...
Pent Up Posted March 3, 2011 Share Posted March 3, 2011 Down 70%...From China Daily China starting to pop? Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted March 3, 2011 Share Posted March 3, 2011 Again Chinese HPC does not matter! Only the rich and middle classes are affected, i.e. 200 million people. The rest of the people the working class to speak are given accomodation as part of their jobs and house prices don't bother them one way or another. This is rather unlike the UK where NINJAS got onto the HPI bandwagon, thus when HPC happens in China, the wealthy people get knocked back. But the rest of the population doesn't though. AND they have things to fall back on unlike the UK, they have factories jobs a massive positive balance on their account to create jobs and infrastructure. The UK has none of these, all we've got is HPI. Quote Link to comment Share on other sites More sharing options...
Guest_FaFa!_* Posted March 3, 2011 Share Posted March 3, 2011 Again Chinese HPC does not matter! Only the rich and middle classes are affected, i.e. 200 million people. The rest of the people the working class to speak are given accomodation as part of their jobs and house prices don't bother them one way or another. This is rather unlike the UK where NINJAS got onto the HPI bandwagon, thus when HPC happens in China, the wealthy people get knocked back. But the rest of the population doesn't though. AND they have things to fall back on unlike the UK, they have factories jobs a massive positive balance on their account to create jobs and infrastructure. The UK has none of these, all we've got is HPI. You are not looking at this in terms of the entire economy. (i) Banks will have lent against these ridiculously over valued properties. Even with sizeable deposits, the effect will not be good (ii) China has precious little internal demand relative to output - bankrupting the few people who can actually spend isn't going to help (iii) Growth is created by demand. There isn't enough demand in China to feed the factories, hence they exported to the West. Western demand nosedived in 2008, they shoved it all into construction. You can build all the supply capacity you want, but without demand you simply have a rustbucket waiting to happen. (iv) Chinese people aren't simply given accommodation for free, as well you know, unless you are referring to the dormitories for the migrant workers. I'd be amazed if your average venal Chinese factory owner doesn't take something out of their pay for it. Other housing must be paid for. I view any stats on Chinese housing with great scepticism, but IMHO the idea Chinese housing can crash without any knock on effects is completely wrong. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted March 3, 2011 Share Posted March 3, 2011 You are not looking at this in terms of the entire economy. Did you read the article on ZH today? China is gunning to be reserve currency their next 5 year plan is to move away from a export economy to an internal consumption economy. Add in trade barriers to goods made outside pumping a lot of factory workers into the consumption economy. I.e. China has options quite a few of them. The USA and UK particularly have few as the industrial capacities of these countries is gone and there are few options other than the magic printing presses. Quote Link to comment Share on other sites More sharing options...
Guest_FaFa!_* Posted March 3, 2011 Share Posted March 3, 2011 Did you read the article on ZH today? China is gunning to be reserve currency their next 5 year plan is to move away from a export economy to an internal consumption economy. Add in trade barriers to goods made outside pumping a lot of factory workers into the consumption economy. I.e. China has options quite a few of them. The USA and UK particularly have few as the industrial capacities of these countries is gone and there are few options other than the magic printing presses. I assume you mean this one? (linkies are always helpful....) http://www.zerohedge.com/article/china-gold-demand-voracious-chinese-yuan-gold-standard I don't really read the guns n'beans brigade but I'll take a look...... Any chance of you actually engaging with my points? Quote Link to comment Share on other sites More sharing options...
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