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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jorj X Mckie who wrote (14168)6/20/2013 8:46:25 AM
From: John Pitera  Read Replies (1) of 33421
 
Hi Tom, I was talking with TJ, over on his 2001 thread regarding the very strong capitalist society in Hong Kong....it got me thinking about a potential longer term theme.... one which Henry Kissenger writes about in his newest book regarding the 21st century and China and the USA having to constructively co exist ----

The one thing about the global money centers of Hong Kong, Sydney, London etc... is that they have had major real estate bubbles that never popped.... I have talked with Long time residents of Sydney and they are saying that Sydney real estate can never go down in price.... that is kind of dangerous talk...... Hong Kong has a very similar view regarding their real estate........

all Big Bubbles tend to deflate and correct for a while at some point..... If China ever did get pressed by it's citizens and we had a large military conflict with them...... and that might be way out in 2020..... but I could see them raising up a war chest by expropriating assets and real estate in both Hong Kong and simply pulling a good old fashioned land grab for Australia....(and nationalizing assets) to finance their war chest.

John
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