This article offers important perspective on the unraveling of the largest real estate bubble on planet earth today. Those hoping that China will rescue the west, should take note: China has some major headwinds of its own. See Shanghai homeowners smash showroom in protest over falling prices.
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Cory’s Chart Corner
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No white knight for China…..is the last chapter about to be written?
…..”stocks will continue to go up and down like yoyo’s. We keep an eye on fundamentals, and fundamentals have just started to deteriorate.”….Jim Chanos
http://www.bloomberg.com/video/79081596/