China Grows At 10.7% Year-Over-Year
January 21, 2010
Tweet China’s has returned to hyper-growth, with the latest GDP numbers coming in at 10.7% (YoY). Much of the growth is likely fueled by the property sector, which has been on fire thanks to low interest rates and fairly easy money. There are waiting lists for cars, and housing is at a ridiculous multiple to average [...]
Read More >>How You Keep the 8% Growth Going
November 12, 2009
Tweet Business Insider has a video up on a city in China that has been built, but there is little activity. This really underscores a lot of what is happening in China right now. They are growing at a brisk pace, but an increasingly large amount of the growth stems from real estate. Since the [...]
Read More >>Plotting Against the US Dollar
October 5, 2009
Tweet Take a trip to Europe and you’ll very quickly realize how far the value of the US dollar has fallen. Since the printing presses have been turned on full tilt in this country, talk of China and Middle Eastern countries moving away from the dollar as their reserve currency of choice has correspondingly gained [...]
Read More >>Chinese Sovereign Wealth Funds Look to US
September 9, 2009
Tweet The WSJ is reporting that China’s SWF, China Investment Corporation, is seeking to place bets on the US Real Estate market. To that end, they’ve held discussions with managers BlackRock, Invesco, and others. The estimates in the article peg allocation in the range of $4-20B, but that is just a drop in the bucket [...]
Read More >>China Commercial Property Sales Exceed US, UK
August 25, 2009
Tweet Pretty good video discussing China, their use and sources of funds in powering their economy through current global economic conditions. One thing to note is their aggressive and continued investment in capacity.
Read More >>East Meets West
June 29, 2009
Tweet Every time things seem to get out of control, there is always an excuse why it can be sustained. During the dot-com run up, we had the “new economy”. During the boom cycle of the housing run up, banks, investors, bankers, builders, the media, and everybody in between had their own reason why the [...]
Read More >>Fallout From The Bailout
May 15, 2009
Tweet Dr. Doom is warning the US is about to lose its status as the world’s reserve currency. Whether or not this happens soon or in 10, or even 20 years doesn’t make a difference. The rest of the world is progressing so quickly that the 300M US consumers that have been the cornerstone of [...]
Read More >>China Calling For New Reserve Currency
March 23, 2009
Tweet China today called for the replacement of the US Dollar as a reserve currency. The response is natural as the largest holder of US debt is facing the prospect of the United States spending its way out of recession, and using printing presses to do it. This proposal comes on the heels of another [...]
Read More >>Build It And They Won’t Come…. The Story of South China Mall
June 16, 2008
Tweet South China Mall, a 7 million square feet monstrosity (the largest mall in the world), sprawled over 200 acres and built in 2005 in the southern Pearl River Delta city of Dongguan sits nearly empty. The mall was originally designed to house 1,500 tenants. There are less than a dozen. The mall was featured [...]
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