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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!
Flat reduction advice: Keep your tires inflated. Your money supply not so much.
China's epic housing bubble has already burst. They just don't know about it yet.
transparency? yea like hft creates liquidity.
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....
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.
Expect Paulson to be limit up this garbage
Yeah, good luck on collecting on those bonds when they go into default.........
Today's Confucian proverb: Wise official never invest in transparency.
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