Monday, July 08, 2013

The Reason For China's Epic 1 Trillion Yuan Deleveraging: The Biggest Housing Bubble Ever


...So there you have it: no matter what China has attempted, no matter how much it has punished the Shanghai Composite, it has been completely unable to offset the endogenous and/or exogenous (Fed, ECB, BOJ hot money) credit from sending the Chinese housing bubble into absolutely stratospheric levels.