Tuesday, December 6, 2011

House Prices Plunge in Chinese Ghost Town

Even Joe Biden knows that the Chinese have 30 million plus in vacant apartments. Only neo-con Jonah Goldberg and Obama-crony Andy Stern seem to be completely clueless and buy into the fake Chinese boom. Here's Reuters with the latest report on cracks that will lead to a massive crash.

1 comment:

  1. I wonder how long it is before they start to hire workers to begin dismantling these buildings. It's all part of the 10 year plan for GDP growth. You see, first they build them all up, then dismantle them, then build them again, then dismantle. Meanwhile, the West is in awe of the GDP growth in China.