Is China the Next Lehman Brothers? (John Cassidy) from the New Yorker
"The worry is that large parts of China now resemble Arizona, Florida, and Nevada circa 2007, when the great Greenspan-Bernanke real-estate bubble was going “pop.” “Signs are mounting that the housing market in a number of cities is not just cooling but actually cracking,” Wei Jao, an
economist at Société Générale, wrote recently."
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