Economic Commentary

“Someday financial markets will decline...rising stock/bond markets will no longer be government policy. QE will end and money won’t be free. Corporate failure will be permitted. The economy will turn. Someday, somewhere, somehow, investors will lose money and once again come to favor capital preservation over speculation. Someday, interest rates will be higher, bond prices lower, and the prospective return from owning fixed-income instruments will again be commensurate with risk.” Seth Klarman

Thursday, October 30, 2014

China's Housing Downturn: Is This a More Serious Correction?

China's housing downturn..."is this a more lasting correction?

Source: @IanTalley @WorldBank

...For now the markets don’t seem to be pricing in an impending improvement in China’s housing demand. Here is the May-2015 SHFE steel rebar futures contract (actively traded)."

Source: www.SoberLook.com

Economic Commentary

Thursday, October 30, 2014

China's Housing Downturn: Is This a More Serious Correction?

No comments:

Post a Comment