DailyMarkets.com - An Update On My Chinese “canaries” |
| An Update On My Chinese “canaries” Posted: 05 Mar 2013 12:13 AM PST In the past week, I have received several emails in the wake of the 60 Minutes story about the Chinese property bubble and the news that China had unexpected implemented curbs to limit property speculation (via Bloomberg:), the Shanghai market tanked. China's cabinet on March 1 told cities with "excessively fast" price gains to raise down-payment requirements and interest rates on second-home mortgages and ordered individuals selling properties to "strictly" pay a 20 percent tax on … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards |
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