Chinese real estate leading the world into deep economic depression – signs from Hong Kong IPO ‘Massacre’ tells it all
Peter Oberois
Oct. 2, 2009

The world economy is poised for a deep economic depression between now and the next twelve years. Chinese real estate sector is experiencing a classical blow off after the raw cash from stimulus money ran its bubble course. Glorious Property Holdings Ltd., a real estate developer in twelve Chinese cities, is the seventh consecutive Hong Kong initial public offering company whose shares fell apart on debut. The stock dropped as much as 20 percent and was trading 15 percent lower at HK$3.76 as of 11:38 a.m. Glorious last week raised HK$10 billion ($1.3 billion) in the largest Hong Kong IPO by a Chinese real estate development company in two years.

The signs are very clear. Chinese real estate collapse will lead the world into the deep depression.

Chinese real estate leading the world into deep economic depression – signs from Hong Kong IPO ‘Massacre’ tells it all
Peter Oberois
The world economy is poised for a deep economic depression between now and the next twelve years. Chinese real estate sector is experiencing a classical blow off after the raw cash from stimulus money ran its bubble course.
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An October Stock market crash?
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The auto sales hit all the manufacturers. It’s the after effect of expired clunkers program. That says what will happen to the economy in 2010 when the stimulus will run its course.
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Protect your retirement fund – put money in US treasury Tbills during the depression of 2010-2020
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Can you imagine a delinquent FDIC, most banks under run, an unemployment of 40%, a massive budget deficit, and gold trading at $4000 an ounce?
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Do not get into the trap of buying distressed homes – real estate will fall another 60 to 70% during depression in 2010-2020
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The real estate has come down another 70% from the peak. During the economic depression in 2010-2020, the real estate prices will plummet another 40% . It will be difficult to imagine common people holding on to residential real estate investments.
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Chinese economy shows trouble under the rug - seventh straight rise in manufacturing is fueled by stimulus bibble
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China's trouble come from the export front - the main locomotive of Chinese economy. Industrial overcapacity and a 11-month slump in exports are extreme drags on the nation’s recovery.
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