Thursday, January 14, 2010

When it happens in China, it’s bad news

China Property Prices Accelerate

"Real estate prices rose by 7.8% from a year ago - up from the 5.7% annual rise seen in November and renewing fears that an asset bubble is developing." So a 7.8% rise renews *fears* about a bubble. When UK prices rise 15%, the BBC reports it as "good news". Good grief...

Posted by papabear @ 08:12 AM (835 views)
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