Is China's New Muni Transparency A Public-to-Private Risk Transfer Trap?

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Tue, 11/15/2011 - 02:50 | 1878388 lolmao500
lolmao500's picture

Shanghai... where the price of a simple flat is 80x times the average yearly salary... Totally not a bubble.... When the chinese real estate collapses, most munis in China will go boom too, bankrupting everyone who bought munis... so go ahead, buy chinese munis, they are as safe as Detroit was!

Tue, 11/15/2011 - 03:31 | 1878411 MSimon
MSimon's picture

Flat reduction advice: Keep your tires inflated. Your money supply not so much.

Tue, 11/15/2011 - 04:00 | 1878427 Michael
Michael's picture

China's epic housing bubble has already burst. They just don't know about it yet.

Tue, 11/15/2011 - 02:45 | 1878389 Anomalous Howard
Anomalous Howard's picture

aaau revoir

Tue, 11/15/2011 - 02:56 | 1878395 fourchan
fourchan's picture

transparency? yea like hft creates liquidity.

Tue, 11/15/2011 - 06:28 | 1878475 I_Am_
I_Am_'s picture

My God!! Is there no exhaustion to/in this f..k fest....... to what extent will the money be sucked off and off and off....

Tue, 11/15/2011 - 08:10 | 1878562 Esso
Esso's picture

No, the death by a quadrillion cuts will continue unabated by the 1%ers until the 99% is strip-mined bare and reduced to serfdom, or until we kill the 1%ers and their families.

Tue, 11/15/2011 - 08:08 | 1878557 Barometer
Barometer's picture

Expect Paulson to be limit up this garbage

Tue, 11/15/2011 - 08:29 | 1878596 jcaz
jcaz's picture

Yeah, good luck on collecting on those bonds when they go into default.........

Tue, 11/15/2011 - 10:36 | 1878995 Zero Debt
Zero Debt's picture

Today's Confucian proverb: Wise official never invest in transparency.

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