Market for houses freezes up. House & condo prices drop. High end hit the hardest.
Looking to launder some cash?
How do they stack up against the most splendid housing bubble in America? Holy cow!
And where do Chinese consumers fit in?
Trade goes out-of-whack as Corporate America searches for cheap labor & tax benefits.
Another Global Financial Crisis, with China at the Epicenter?
A litany of problems, from too much debt to deflating housing bubbles in Vancouver and Toronto.
Average home price fell for first time since 2008, largest decline in the data going back to 2001.
A big shift, at a cost of $3.8 billion – which it now has to borrow.
We’re overestimating growth, thinking of it as heading towards low growth. In reality, we’re heading towards negative growth, once adjusted for inflation.