Fear of Real Estate Bubble In China

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China has the next real estate bubble waiting to be popped

With property prices soaring in key cities, many investors and bankers worry that China has the next great real estate bubble waiting to be popped.  The Chinese government is worried, too. On Sunday, the nation’s cabinet, citing “excessively rising house prices” in some cities, said it will monitor capital flows to “stop overseas speculative funds from jeopardizing China’s property market.” It also said that any Chinese family buying a second home must make a down payment of at least 40 percent.

 

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The Wall Street Guru Ball

The Wall Street Guru Ball 

 Wall Street Guru Ball

Well so far 2009 looks, feels and tastes a lot like 2008 did. So you can color me unimpressed. But I guess a new year does give a lot of people the chance to turn over a new leaf. And if your new years resolution list happens to include “significantly increase financial well-being” then this twist on the classic 8-Ball could help. Why rely on stock brokers, bankers or even a hot tip from that guy in accounting when you can trust your assets to a multi-sided die floating in a plastic sphere?

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