Wednesday, 4 August, 2010

Investors Beware - Chinese Real Estate Bubble is coming next!


Investors Beware - Chinese Real Estate Bubble is coming next!

Or, effectively, so says this article:
I'm reminded of the story of the boy who cried wolf. And of the Great Depression of 1929-33.

And of the Tulip Mania that preceded it several decades earlier.

And the dot com bust that came along a decade back. And the sub-prime crisis.

After every bubble, a few interesting things happen:
  • Every economist, every "expert" and every central bank governor claims that he / she had predicted the bubble a couple of years earlier. And, in all probability 99% of them are lying
  • People start seeing bubbles everywhere around them
  • Experts predict the next 237 bubbles out of the next 2 bubbles with absolute certainty and total accuracy, especially within the next couple of years.
  • And, the general public does not know which ones among the 237 referred to above are the 2 real bubbles!
The only thing that I can say with certainty is that all these predictions make interesting reading!!

Regards,

N

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