About three years ago, I wrote the book, The Coming China Crisis, which predicted the sequence, such as record debt, mal-investments, excessive debt-financed speculation in real estate, 64 million empty condominiums, a credit crunch followed by a credit crisis, and then a crash. Furthermore, the book said this crisis would probably envelope the global markets. So far, that seems to be right on track.
About three years ago, I wrote the book, The Coming China Crisis, which predicted the sequence, such as record debt, mal-investments, excessive debt-financed speculation in real estate, 64 million empty condominiums, a credit crunch followed by a credit crisis, and then a crash. Furthermore, the book said this crisis would probably envelope the global markets. So far, that seems to be right on track.
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