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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (53434)	8/11/2009 12:52:45 AM
From: Amark$p	Read Replies (1) \| Respond to of 219563

thanks, that is an interesting fact: "many apartments (i saw two in the complex i was staying at over the weekend) have been unoccupied since completion 5 years ago, originally bought for rmb 3 mil now transacting at 5, having never been occupied" are commercial properties the same? i.e. constructed several years ago and not occupied, but yet market price keeps going up with inflation/loan interest...? somewhat counter intuitive?, but possible as you suggest. most developers want to rent/sell and pay down the commerical loan.

To: TobagoJack who wrote (53434)	8/11/2009 1:01:46 AM
From: Amark$p	Read Replies (1) \| Respond to of 219563

Guess China can put a new commodities exchange into one of those empty buildings soon... ____________________ Jim Rogers Jim Rogers Says U.S. Commodity Curbs to Drive Markets Overseas By Claire Leow Aug. 6 (Bloomberg) -- U.S. proposals to place curbs on commodities trading will drive business overseas, particularly to Asia, said Jim Rogers, chairman of Rogers Holdings. “It is remarkable because America is shooting itself in the foot again,” he said in an interview in Singapore today. “It’s going to drive the business away and the rest of the world is going to welcome it with open arms.” U.S. Treasury Secretary Timothy Geithner is urging Congress to rein in the $592 trillion derivatives market with new U.S. laws that are “difficult to evade.” Opaque financial products contributed to almost $1.5 trillion in writedowns and losses at the world’s biggest banks, brokers and insurers since the start of 2007, according to data compiled by Bloomberg. “The end result is going to be Singapore, or Hong Kong, or Shanghai or who-knows-where” will be “quite happy to take that business,” he added. As the U.S. contemplates tighter regulation, China’s interest in commodities is accelerating, Rogers said. The world’s most populous country already accounts for about one- third of global copper usage. It also accounts for about one- sixth of wheat demand and one-fifth of soybeans, according to the U.S. Department of Agriculture. “The three commodity exchanges in China are booming,” he said. “Dalian trades more soybean contracts than Chicago does already, and that’s with a blocked currency, a closed market. Can you imagine what’s going to happen if and when they open that market up to foreigners? It’s going to explode.” To contact the reporter on this story: Claire Leow in Singapore at cleow@bloomberg.net