China, again
More busy time with school and the like, however, I think now is a good time to show a good article.
http://online.wsj.com/article/SB1000142405274870484004576192043330243246.html
IPOs in China are tremendous! Take for example the number of international investors and investment banks doing their job. However, people are continuing to talk about several problems:
1) Inflation
2) Undervalued currency
3) Inflated real estate market
The first two, I don't know, but as I mentioned briefly before, the real estate market is fairly shab. Those that have 2 homes, usually have a third. To put a stop to it, the government has restricted home ownership to 2 for new buyers and that borrowers put down at least 30% of the cost. This is because of the common scenario: Someone will buy a home, never stay in it and only hope that it goes up in value to sell it off. Essentially, the home isn't benefitting anyone. Sounds vaguely familiar, wouldn't you say?
Also, I picked up The Greatest Trade Ever, which basically is an outline of John Paulson's trade that I previously posted. Good stuff, but friends are recommending that I read some other, more lengthy books.
http://online.wsj.com/article/SB1000142405274870484004576192043330243246.html
IPOs in China are tremendous! Take for example the number of international investors and investment banks doing their job. However, people are continuing to talk about several problems:
1) Inflation
2) Undervalued currency
3) Inflated real estate market
The first two, I don't know, but as I mentioned briefly before, the real estate market is fairly shab. Those that have 2 homes, usually have a third. To put a stop to it, the government has restricted home ownership to 2 for new buyers and that borrowers put down at least 30% of the cost. This is because of the common scenario: Someone will buy a home, never stay in it and only hope that it goes up in value to sell it off. Essentially, the home isn't benefitting anyone. Sounds vaguely familiar, wouldn't you say?
Also, I picked up The Greatest Trade Ever, which basically is an outline of John Paulson's trade that I previously posted. Good stuff, but friends are recommending that I read some other, more lengthy books.