Property Bubbles and Economies
May 27, 2012 9:27am CST
We know in America the US economy is circling the drain. Consumer buying is down from its peak, debt is up, and we have high price wars on our backs. China knows this too and 'cracks the whip'. What I didn't know until hitting YouTube was that China's economy is headed for trouble too. They have several cities that are occupied by a few handfuls of people and the rest is left to the ghosts. They are being supported by the Chinese government and the father of all bubbles. When the housing bubble explodes, it will make the USA's look like a kitten's hiccup. http://www.youtube.com/watch?v=rPILhiTJv7E
• United States
27 May 12
The whole world is going through property problems in one way or another. What happened to common sense that told you that you can't afford something? Governments AND people have lost their marbles! We see so many scams on the Internet about how to get rich quick. Now people believe it in real life! This collective insanity could be the end of life as we know it.