"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Friday, November 11, 2011

UH-OH: NYTIMES: CHINA'S REAL ESTATE BUBBLE HAS BURST!

NYTIMES:
One of the world’s few remaining real estate bubbles finally seems to be losing air.
Real estate transactions have slowed so quickly that in the last two weeks, brokerages across China have laid off thousands of brokers and closed hundreds of offices.
BETTER BRACE YOURSELVES; IT'S GONNA BE A ROCKY RIDE FROM HERE ON OUT...

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