@Hungrylion: I was kind of wondering, if KD had something, on that. Chinese property company, $300 billion default? The biggest bubble, in history. I have been watching the industrial precious metals go in the tank. They are having to sell stuff. We have seen the all time stock market high for a long time, I suspect. Most people don't comprehend the Chinese real estate bubble and what it means against worldwide demand. These things feed themselves and the resultant growth, long investment projects that flat stop, in their tracks.

Throw this on top of the ongoing boondoggles. Chinese have been using their property leverage to come to the USA to buy property, just like Japan, in the 1980's. Deflation, in Japanese Real Estate was massive over the next 15 years. I can tell you, property here, in DFW North has gone insane. Reminds me of the S&L bubble, in the mid 1980's. There are a lot of small doctors buildings, in the 10K foot area built, on the market, with no tenants and future presales being offered. Outlying SF property @ over $1 a SF. It could be used in 3 years, or sit there for 20 or more. Land is like having a horse. It eats, even when you aren't riding it.

----------

The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith