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Chinese Property Bubble?

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carteki
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Chinese Property Bubble?

Postby carteki » Fri, 26 Nov 2010 12:10 pm

There has been lots in the press this year about the Chinese property Bubble and I came across this article this morning http://www.moneyweb.com/mw/view/mw/en/page312424?oid=314279&sn=2009+Detail&pid=287226 which got me thinking. The article mentions that vast numbers of the newly developed properties in Shanghai are sitting empty. I haven't been to Shanghai or other parts of China, but is this a true reflection of what is happening on the ground or just the writers perception?

revhappy
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Postby revhappy » Fri, 26 Nov 2010 6:32 pm

Not sure of their property market, but look at their stock market, the Shanghai composite is less than 50% of its all time high and it is supposed to be the fastest growing economy and the country that got the world out of recession :???: In comparison most of the lesser known asian markets are close of their all time high if not higher.

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Postby Grumpy77 » Fri, 26 Nov 2010 7:31 pm

If you want to read a facinating take on China, and a terrifying one on Japan, read the following:

http://www.investorsinsight.com/blogs/j ... fault.aspx

I've been reading John Mauldin's two weekly newsletters for 9 years now and highly recommend them to any and all that want to learn more on global investing from a 'reasoned' thinker. He isn't doom and gloom (usually) but is absolutely not a cheer-leader either. Just good long-term analysis and very good if you want to learn more.

You can sign up for both free weekly letters here:

http://www.johnmauldin.com/frontline.html

The one that he does on Friday's is his letter, the one on Monday (outside the box), like above is written by someone else that has a different but still worthwhile viewpoint. So you often get a point/counter-point view which is quite refreshing.

I've been in trading and finance for 10+ years and this guy is the one constant that I always make time to read. Very worth the effort to wade through, he is entertaining and has been bang-on for long-term trends for a long-time. He wrote of the upcoming sub-prime crisis as the years biggest news a full 9 months before it took out the world economy. It wasn't a suprise to his readers, and saved me a lot of money. That is a good way to look at his letters, he doesn't do direct advisory in these letters so you won't make your million here, but he will save your ass repeatedly by keeping you fully aware of the train-wrecks in the future.

Any full-time trader knows that preservation of capital is the most important part of the game.

Cheers, and have a great weekend!

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aster
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Postby aster » Fri, 26 Nov 2010 9:50 pm

Assuming there is a collapse in property prices over there, what will happen to the world economy (we all remember how things went when the US bubble burst...)?

Which currencies will go up and which will crash?


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