Saturday, November 5, 2011

China quote of the day

“China should be thanking Greece every day, for keeping the World’s financial gaze away from East Asia.”
-James Chanos, Kynikos Associates

I know many people who buy the china story.  I am still on the fence.  Long term, she might have potential.  However, long term, peak oil will hit and we will be dead.

Friday, November 4, 2011

This is why housing here is so expensive.

something like 60% of China's rich wants to leave the country.  There are massive capital here as a result, as well as one overpriced housing market.