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Originally Posted by onwebcam
You're not getting it Mr Economics.. Let me repeat in a dumbed down fashion.. The people of China have 75% of their money invested in real estate..
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a chinese worker makes 500 dollars per month - what investment you think he is able to do?
and since when is real estate a unsure invest? will land be blown away ?
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Not stocks, not businesses, etc. Real Estate alone.. As an investment.. Understand? Most of their eggs in 1 basket? If that 1 big basket breaks...
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aha and why is the Shanghai Stock Exchange the 4rth biggest stock exchange in the world?
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And it's not just breaking.. It's going to tsunami. In the past 10 years they've quadrupled their basket size. Balloon is going to pop.. No doubt.. BIGLY
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i think you do not realize that China has the biggest population in the world.
4 times more citizens than the complete united states.
They build train roads through houses just because there is not enough space.
I´ve send you a link where you can see in what and where Chinese invest. you can use it and get informed or keep on writing bullshit.
fact is if China gets fucked the US will be fucked for decades!
Chinas booming economy was the world´s economy motor in the past 20 years and the ONLY motor right after the 2008 crash.
I would really let you kill this motor if it would just effect YOU MORONS but it is my planet too.