Juggling Dynamite

Home prices in [Hong Kong] surged 370 percent from their 2003 trough through the September peak, spurred by low mortgage rates, tight supply of new units and buying from mainland Chinese.  Now those forces are reversing.  See:  Hong Kong homes sales tumble 70% as slowdown intensifies.

The property slump in Hong Kong is showing very few signs of abating. Residential home sales are now at a 25-year low. Bloomberg’s Sree Vidya Bhaktavatsalam reports on “Trending Business.”  Here is a direct video link.

Danielle was a guest today with Jim Goddard on Talk Digital Network talking about recent developments in the world economy and markets.  You can listen via this audio link here.

Deflationary tides are lapping the shores of countries across the world and financial bubbles are set to burst everywhere, Vikram Mansharamani, a lecturer at Yale University, told CNBC on Thursday.

“I think it all started with the China investment bubble that has burst and that brought with it commodities and that pushed deflation around the world and those ripples are landing on the shore of countries literally. everywhere,” the high-profile author and academic said at the Global Financial Markets Forum in Abu Dhabi.  Here is a direct video link.