The market is too good to be true.

[dysentry]

http://www.bloomberg.com/apps/news?pid=20601089&sid=aNMCwbCnqvHQ

Dec. 18 (Bloomberg) -- Gloria Gu paid $483,000 for an apartment near Shanghai’s financial district so her 3-year-old son could attend one of the city’s best kindergartens. Six months later, a similar place in her building sold for $615,000.

“Prices are way past reasonable,” said Gu, 31, a food company manager who bought her three-bedroom, 140-square-meter (1,507-square-foot) apartment in the Pudong area in May. “The market is too good to be true.”

“China’s asset markets are a Ponzi scheme,” said Xie, now a Shanghai-based independent economist. “Property is heading for one huge bust that will take a year and a half to unfold.”

 

[dysentry]

http://www.bloomberg.com/apps/quote?ticker=SHPROP:IND

Property sales tax made Shanghai property index fall 5%. Beginning of the bust? HK and Singapore will be hit as well.

 

[dysentry]

The same Andy Xie who now calls China a ponzi scheme.....

Tough guy indeed...

"I tried to find out why Singapore was chosen to host the conference. Nobody knew. Some thought it was a strange choice because Singapore was so far from any action or the hot topic of China and India. Mumbai or Shanghai would have been a lot more appropriate. ASEAN has been a failure. Its GDP in nominal dollar terms has not changed for 10 years. Singapore’s per capita income has not changed either at $25,000. China’s GDP in dollar terms has tripled during the same period."

"I thought the questioners were competing with each other to praise Singapore as the success story of globalisation. Actually, Singapore’s success came mainly from being the money laundering center for corrupt Indonesian businessmen and government officials. Indonesia has no money. So Singapore isn’t doing well. To sustain its economy, Singapore is building casinos to attract corrupt money from China. "

 

[singveld]

i love it
when china collapse
i hope they are leave singapore, we dun need their disease.

 

[dysentry]

actually when China hits financial crisis and RMB gets dunked won't SGD become more attractive? besides it's very easy for these Fudan and Beida chinks to settle here now, so many relatives and friends around...

 

[Whats4]

i love it
when china collapse
i hope they are leave singapore, we dun need their disease.

y woiuld those chincong leave sinkieland when commie china collapse? it most likely they would be staying put here to earn their $$.

 

[Whats4]

actually when China hits financial crisis and RMB gets dunked won't SGD become more attractive? besides it's very easy for these Fudan and Beida chinks to settle here now, so many relatives and friends around...

would china gets into a financial mess with their trillions of reserve?

 

[BlueCat]

festive coming and year-end,so a lot of those financial institutions are closing for the year. so they will try to get a good result,so that bonus will be more.

 

[GoFlyKiteNow]

actually when China hits financial crisis and RMB gets dunked won't SGD become more attractive? besides it's very easy for these Fudan and Beida chinks to settle here now, so many relatives and friends around...

Actually, the US dollar will be the main beneficiary.
But then again, The US is deliberately weakening its currency
as a way to revalue the Chinese Remimbi, which affect
China's exports.

 

[TeeKee]

How come shanghai 3 bedroom is 140sqm and our 3 bedroom is only 70sqm?

 

[TeeKee]

would china gets into a financial mess with their trillions of reserve?

They won't they have people in place to stop people from rumour mongering!

It will never happen!! If people don't make a run on the banks! LOL!

 

[besotted]

China is KING