Hong Kong Protests Will Spread

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Hong Kong Protests Will Spread

invite response
2014 Oct 4, 1:40am 4,007 views 9 comments

The Chinese real estate bubble has burst. Land sales through Soufun are down 22 percent for the year and still dropping.

http://www.businessweek.com/news/2014-07-08/soufun-tumbles-in-new-york-on-commission-concern

The fiat wealth that the Chinese government had hoped to generate in the USA's image turned out not to be a magic mirror after all. I suspect someone just did a blowfish on the steamed-up glass in the bathroom and they had been asking it questions about the future thinking it was the ghost of John Keynes.

The discontent in Hong Kong will spread to mainland China regardless of the government's reactions to the civil disobedience in HK. It will simply spread more quickly if the government resorts to violence to restore order. Feeling as impotent as they must be at the moment, cognitive dissonance will likely drive them to that very predictable reaction.

Prepare for large real estate sales drop-offs from Chinese nationals beginning probably in Australia, but eventually leading to all of the US West Coast hot spots.

#housing

Comments 1 - 9 of 9 Search these comments

John Bailo 2014 Oct 4, 3:12am

Someone's going to be holding the bag for the inflated yuan funding the exodus.

Tenpoundbass 2014 Oct 4, 4:47am

Let's hope they are as inefficient as we were after the mortgage collapse, that millions of Mortgages got lost. Maybe that will erase a few trillion of debt right there. By time the Revolution is over.

deepcgi 2019 Oct 9, 3:13pm

A prediction from October 2014. It was very early, yes, but that's the point. I have faith in the stepped-on to get fed-up - even those spoon-fed on the mainland of China. I stick-by this one.

deepcgi 2019 Oct 9, 3:25pm