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The evidence is clear that China's spectacular real estate bubble has burst, with the only...

The evidence is clear that China's spectacular real estate bubble has burst, with the only question being whether the bust will be of equal brilliance, writes Pat Chovanec. Thus far, the lack of leverage used by buyers (as opposed to highly leveraged developers) has kept the collapse in check. Its course promises to effect everything from miners in Australia and Brazil to lumber mills in Canada to equipment makers like CAT.
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Comments (3)
  • MexCom
    , contributor
    Comments (3067) | Send Message
     
    And, equipment sales will plunge to zero. No infrastructure will ever again be built nor repaired. Storms and damage to buildings will never be repaired nor rebuilt. The clearing away of the debris will only be done with pick and shovel laborers only working for food. LOL.

     

    The lower it goes the more I buy - look at the man in the hat!
    20 Dec 2011, 06:38 AM Reply Like
  • David INC.
    , contributor
    Comments (230) | Send Message
     
    The Panama Canal project inspired these companies to keep building those amazing machines. That's is the best example of the survival sprit in humans.... building a better shovel! I buy the drops and go long.
    27 Dec 2011, 09:47 PM Reply Like
  • Bill West
    , contributor
    Comments (155) | Send Message
     
    Long CAT as well.....hopefully a pro business, pro jobs change is coming to Washington DC
    28 Dec 2011, 03:43 PM Reply Like
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