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    And now we juxtapose progressive Senate rock star and Chinese real estate bubble

    And now we juxtapose progressive Senate rock star and Chinese real estate bubble

    I’m watching a 60 Minutes segment about the Chinese real estate bubble:

    China has been nothing short of a financial miracle. In just 30 years, this state-controlled economy became the world’s second largest, deftly managed by government policies and decrees.

    One sector the authorities concentrated on was real estate and construction. But that may have created the largest housing bubble in human history….

    Unlike our market driven economy, in China it’s the government that has spent some $2 trillion to get these cities built – as a way of keeping the economy growing. The assumption is “if you build it, they’ll come.” But no one’s coming….

    Lesley Stahl: Can I find this all over China?

    Gillem Tulloch: Yes, you can. They’ve simply built too much infrastructure too quickly.

    which reminds me:

    And they want us to trust her with our economy?

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    At one time, the Left’s activists understood that not everyone could enjoy a beachfront property in Hawaii, nor is it possible to produce energy without disrupting the environment and displacing people, animals, and plants. Since that brief brush with reality, they have since adjusted their positions and justified the change through semantic games, emotional appeals, and outright deception.

    There is no instant gratification, whether material, physical, or ego, without consequences. The first leads to disruption and displacement, the second leads to premeditated murder (e.g. abortion), and the last leads to corruption of, among other things, science.


     
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    legalizehazing | March 12, 2013 at 2:58 pm

    Now dare we compare our own market manipulations to theirs?

    When interest rates are artificially low while simultaneously inflation erodes our dollar. . . In other words we can’t save our money.

    Wouldn’t people maybe look for something tangible and safe to own… like a house/property.

    In other words when other markets are closed by the government a lot of people might invest in the most rational alternative. Then to add fuel to the fire we can have government programs create loans for people who can’t afford them and when ppl won’t fund them we’ll guarantee them!

    We’re nothing like China. Worlds apart

    […] And now we juxtapose progressive Senate rock star and Chinese real estate bubble (legalinsurrection.com) […]


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