Housing Bubble Still Bursting, Deficits Still Growing, China Not …
Namely, the median home price rose year over year while annual inventory levels fell… that hasn’t happened since the recession began. Home sales in general rose 4.9% in 2009, the best year since 2005. The real estate bubble that has yet … BTW, Chanos made it pretty clear that he’s “not calling for an impending crash of China, or the Shanghai stock market.” Just Chinese real estate… The Chinese Sneeze trade was largely responsible for the plunge in U.S. stocks last week. …
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