Thursday, June 2, 2011

China Housing Bubble

Jim Rogers : "...to me there is no question in urban coastal real estate in China , but that's not China that's not the whole economy , it's much much broader than that , yes you gonna see Chinese real estate speculators going broke I assure you of that "..." In America you could buy five houses with no job no money down and the bankers took those mortgages and turned them into an even magic more debt in other words that's not happening in China , you can't buy two houses without a job , you can't buy one house with no job and no money down , it's an entirely different kind of situation " in BBC Hardtalk



ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
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