Thursday, August 15, 2013

Inside China's Surreal Housing Bubble (60 Minutes)

On Sunday, 60 Minutes reran its segment on China's real estate bubble and ghost cities. Watch it below if you haven't seen it yet because the footage is surreal. Michael Pettis is the one to listen to on China's rebalancing. I'll have a post on this soon.


Source: CBS News

Related:

China's Gleaming Ghost Cities Draw Neither Jobs Nor People (WSJ)

New threats to China's property bubble (Sober Look) -look at the residential investment/GDP chart

Update on China's Real Estate Bubble, Credit Risk (March 2013) (Distressed Volatility) -with Michael Pettis speeches

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