Watch this 12 minute video. It is about the real estate bubble to top all real estate bubbles. And when it burst it could bring down the Chinese economy which would have repercussions around the world.
China's Real Estate Bubble
China's economy has become the second largest in the world, but its rapid growth may have created the largest housing bubble in history.
Those who claim that China's economy can continue growth at the present rate either haven't heard the news or they are in denial. When their real estate bubble burst, and it will burst, it could throw China into a tailspin.
And what will this do to world oil consumption? It could cause their imports to drop by over 2 million barrels per day, causing world prices to collapse. Perhaps and perhaps not. Anyway it is food for thought.
Ron P.
China's Real Estate Bubble
China's economy has become the second largest in the world, but its rapid growth may have created the largest housing bubble in history.
Those who claim that China's economy can continue growth at the present rate either haven't heard the news or they are in denial. When their real estate bubble burst, and it will burst, it could throw China into a tailspin.
And what will this do to world oil consumption? It could cause their imports to drop by over 2 million barrels per day, causing world prices to collapse. Perhaps and perhaps not. Anyway it is food for thought.
Ron P.
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