Tuesday, March 18, 2014

Credit crunch mark 2 on its way?

Looming property default in china

Credit crunch mark 2 on the way and this time it will be epic affecting credit and property Prices in the uk for sure...google china property and credit bubble and its scary stuff

Posted by taffee @ 07:19 AM (2233 views)
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5 thoughts on “Credit crunch mark 2 on its way?

  • “It also warned that China is running a budget deficit of 10pc of GDP, once the land sales are stripped out, and has “considerably less” fiscal leeway than assumed”
    Why on earth did they sell the land? If they’d leased it, they would have a perpetual and growing income stream. But it’s easier to sell at a knock down price to your mates, giving a bigger but temporary boost to state finances…

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  • london prices will probably shoot up now with all the dodgy chinese money escaping

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  • [email protected] Its already happened. the question is whether it will keep going at the same rate or whether those in the know have got their money out.

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  • Nah, plenty of cash around. Just look.

    http://www.zerohedge.com/news/2014-03-18/meet-brand-new-and-shocking-third-largest-holder-us-treasurys

    Great new post in Zero Hedge. Tells us BELGIUM has bought $100bn of US Treasury debt in 2 months!

    Where did the Belgians get all that cash? There are some strange things happening, not just the attempts to crash the Moscow stock exchange…..

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  • Alan, From How Stuff Works:- Top 10 Countries the U.S. Owes Money To.

    Belgium’s status as a tax haven makes it a popular place to buy U.S. debt, even if the investors aren’t from Belgium. The U.S. Treasury tracks purchases of U.S. debt by geographic origin, not the specific nationality of the buyer [source: U.S. Treasury]. This is where custodial bias distorts the debt figures. Belgium is a custodian (or holder) of U.S. debt from investors living in nearby France and Germany or as far away as China and Japan. How much of that debt is owned by actual Belgians is difficult to tell.

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