The signs are becoming more obvious to the outside world which means the actual situation is worse or has been festering longer than outside observers have realized (and inside observers wanted to deny). From the report, A short drive from the city of Yan’an, a 100-yard elevated section of that highway stands dormant with nothing […]

continue reading.....

Mish Shedlock is out with a blog that strings together several threads from vacant amusement park developments to collapsing residential prices in major cities. He discusses the impact on world commodity prices of a bursting property bubble but what he doesn’t get into is why there was a property bubble. Some of it was the […]

continue reading.....