Could this be part of the reason the Shanghai was the only major index we track that was down last week?
(click here if video is not observable)
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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Don’t tell idiot Tom Friedman. His entire worldview can be summed: “China good, US bad. China smart, US dumb.”
http://trueslant.com/matttaibbi/2009/04/23/tom-friedman-strikes-again/
Pingback: Timber! Home prices are crashing in China’s ‘ghost city’ | Business Insider | Financial Post