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Home » Uncategorized » China’s Real Estate Bubble May Just Have Popped

China’s Real Estate Bubble May Just Have Popped

The Compulsive Explainer

Foreign Affairs – A host of factors may undermine the country’s economic growth

Paul Krugman has worried about this also. From Foreign Affairs:

In a few cities, such as coastal Wenzhou and coal-rich Ordos, the collapse in property prices has sparked a full-blown credit crisis, with reports of ruined businessmen leaping off building rooftops; some are fleeing the country.

Sound familiar?

I have been writing about Our Monkey Brains, but so far no one has been interested. The general consensus is that if we ignore our problems – they will go away, all by themselves.

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