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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 11 4:00 PM EST

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To: elmatador who wrote (65140)	8/10/2010 3:26:26 PM
From: Hawkmoon	3 Recommendations Read Replies (4) of 217705

I suggest that Mr. Altucher needs to read the following links: israelfinancialexpert.blogspot.com In sum, the Chinese may be purchasing their homes with 30% down. But as the author explains, as their homes have appreciated in value, they have borrow against that appreciation and RE-LENT the funds to "shark loan" operations that are paying far higher interest rates. It's apparently a very large series of Ponzi schemes, of which a few have already collapsed. I find the debate to be very interesting. Hawk

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