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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (564560)	5/4/2010 7:31:04 PM
From: tejek	Respond to of 1577594

You're right that the government is trying to reel it in a bit, and they may be able to delay it but the crash is coming and it will be ugly. You forget that the gov't determines when "one calls the note". If they decide to sit on it, nothing happens. Six or seven years ago, there were a lot of commercial 'see through' bldgs in major Chinese cities. Everyone predicted a crash in commercial real estate was coming. Seven years later, the crash never came......construction pretty much stopped and the space is getting leased up. Autocratic gov'ts with tons of foreign reserves backing them up can pull stunts like the one up above. But when you get people buying property, not for any intrinsic worth, but for the potential appreciation -- and leveraging the purchase money, that is a textbook bubble and it will collapse. I repeat........the Chinese gov't is making it very hard to leverage property. But go ahead and short......just make sure your bet is protected.