“Worse than the one following the Global Financial Crisis.”
Hot air keeps hissing out of it.
These are their Top Ten financial-escape cities in the US and globally.
This has never happened before, ever.
Property mogul: “The biggest bubble in history.”
A “structural change”: capital flight in yuan.
The governor of the People’s Bank of China chimes in.
When will the Home Price Bubble blow up?
The pain will continue, with many more false-hope ups followed by brutal smack-downs, and more carriers cracking under their debt.
House price declines have caused uproars in China, which is exactly what authorities fear more than anything. But they also fear bubbles, having seen how they implode – and cause uproars.