Tuesday, December 6

Many people talk about the US economy and how it is paid for by China's buying of US debt, so our fates are linked. Recent news is that China's having difficulties, that their "housing bubble has burst"
China's Real Estate Bubble Bursts -- Good or Bad? 
 Prices are declining, whis is not good news for the housing markets, as we have seen here, if you can't sell  your house it affects many aspects of your life, and therefore of the economy. China is saying it will increase pressure on the banks, which is never good news. Is the market just adjusting? Imports are sure to keep going down, with anti-Chinese sentiment here in the US. Can they survive the adjustment and what does that bring us?
 Watch the video. Very interesting. We are watching from our side of the pond.  That news channel has a facebook page if you would like to follow them further. China Forbidden News

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