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marco
2014 Apr 10, 8:54pm
Can we translate these lyrics to Mandarin/ Chinese? They like American pop music ....
"It's time to play the music
It's time to light the lights
It's time to meet the muppets
On the the muppet show tonight
It's time to put on makeup
It's time to dress up right
It's time to raise the curtain
On the muppet show tonight"
“The banking system and the shadow banking system are becoming concerned about exposure,” David Cui, China strategist at Bank of America said in an interview yesterday. “Once people refuse to provide credit to developers, their balance sheets will be under pressure, forcing them to cut prices. Once enough of them cut prices, fewer people would buy because most people buy property only when they think the price is going up. If this persists, it will turn into a vicious loop.”
http://www.bloomberg.com/news/2014-04-10/property-trust-sales-drop-49-as-vicious-loop-seen-china-credit.html
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I guess even when banks lend on command, when a bubble burst, there is no appetite from any participant to continue to jump in.