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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (109673)	3/9/2011 1:51:26 PM
From: russwinter	7 Recommendations Read Replies (2) \| Respond to of 110194

I spotted this from a just released GS report: docstoc.com there were 3,535 housing units sold in Beijing during February. That's down 69.4% MoM, with January seeing the lowest trading volume in three years. he GS reports indicate that March will also set new lows, with the markets in former hot cities described as frozen. The catalyst is described as "home purchase restrictions" (directed at speculators) that have been implemented. Land prices in China's development market have fallen 10-15% since December The action has all the manifestation of a bursting bubble.