Wednesday, March 2, 2011
Delusion of educated people
China not in a bubble-yeah right
take a minute to read this article...it just shows how either he knows he's lying or he is in fact completely mad.two points 1/we were in a bubble 12 months ago,but as prices remained flat for last 12 months now we are not??????? 2/ people are putting down 30%....yes REMORTGAGED from anoth inflated property bIZARRE
Posted by taffee @ 10:32 AM (1301 views)
2 thoughts on “Delusion of educated people”
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mark says:
funny this
I met a senior banker from JP Morgan on a flight, chatting with him he thought china was a good bet, he said who cares if property prices are unaffordable we can still make money, these people are not in the real world.
taffee says:
so there will be another crunch imo and this time with more debt,lower interest rates and more bubbles