What I find most incredible about these videos is how in the minority these guys are. I don't know how it could not be more obvious that there is a massive property bubble in China and that the laws of economics cannot be ignored forever. These videos, especially the last one detailing the vast empty cities China has created coupled with the article I mentioned a few posts back about the coming collapse of the Chinese population makes the policy of inflating a massive property bubble to manufacture growth seem two times a loser. If I were long in minerals, materials and consumer goods manufactures banking on China to drive world consumption growth I would cover or get out. As Jim Chanos says, the timing is the difficult part. What is certain in my opinion is that the day of reckoning will come eventually. It always does.
Program on vast empty cities: 64 Million empty apartments..Wow.