Saturday, April 23, 2016

Value or ponzi?

Sold For $68 Million

Anyone that believes that the London market is down to short supply and immigration and will go on forever on an upward trajectory should read what is happening in Vancouver. Bubbles are fine if you can get in and out on the way up. If the Chinese are doing this in Vancouver, what have they done to stoke the London market and what is going to be the impact when this reverses?

Posted by britishblue @ 01:18 PM (3774 views)
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3 thoughts on “Value or ponzi?

  • For a second there I thought Zero zedge had been sold for $68 million – thought I was in the wrong business there 🙂

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  • “When it reverses”

    Au Contraire, eastern influence will likely grow until the mid 21st Century at least, with the world financial centre likely shifting to Asia if Europe continues to grow poorly in comparison. In light of the fact that Chinese wages are on average very poor, but growth is stellar, alongside Britain only just recently moving towards easing Chinese visa restrictions, we will get moar, not less.

    Furthermore, the over-reach of the Communist government there will not let up, thus the main motivation of shifting cash out of China will remain until or if they become a liberal democracy that favours liberty. Can’t see that happening any time soon.

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  • Interesting article, someone must have received some sort of kickback if they are over paying by nearly 4 times the amount that it was valued at. I am sure they could have closed the sale at a lot less and actually ended up making more profit, very suspect especially when the person is not supposed to have got paid either.

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