patrick.net

http://ochousingnews.com/blog/china-housing-bubble-deniers-wrong/

The housing bubble deniers in China use poor reasoning and macroeconomic arguments to ignore their massive Ponzi scheme.

Here in America, the bubble deniers — and Never forget the bulls and bubble deniers were completely and totally wrong — the bubble deniers succumb to their optimism bias and comforted themselves with fallacies and wishful thinking, even past the point where denying the obvious was no longer operative.

The same is true in China.

Source: http://ochousingnews.com/blog/china-housing-bubble-deniers-wrong/#ixzz38xheaGdo

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