no, not sustainable ordinarily, but perfectly possible when bernanke delivers on his promises to fight american deflation with all at his disposal
so far bernanke has kept to his words, and we like him ;0)
a square foot of living space in hkg range in cost from usd 1k to 3.5-4k, and folks buy and hold
so china mainland real estate has much upside, in terms of rmb, but especially in value of usd (even better in relationship to what used to be the zimbabwe dollar, that which shall strengthen against usd)
as we post back n forth, greek island hideaways already are at 50% discount. imo, another 80% to go, ultimately resting at 2% of peak value. it is simply how debt depression works, unless and until the greeks abandone the euro. actually it would make no difference what money the greeks use, their real estate should crater against gold by 98% and that, mathematically, is what then must happen before all is said and tried, and then done.
news: china is actively considering, and government openly hints in media that legislation shall be put in place to index wages to ... INFLATION
classic spiral action on way
imo, if in china/hkg, buy real estate, and everywhere else, getgold, so that one can partake in spiral powered by all large economies, and billions of folks
i am beginning to see the global equalization process more clearly, and at more transparent wet work |
