Yeah that Chinese bubble could set off a chain reaction in fact it will but to what extent remains to be seen. In the short term I real estate prices will drop like a rock around Asia. Good time to buy something for those with cash.
It's all a big scam. At the end of the day but basic supply and demand economics generally apply. Cash is king in times like this... The bankers did the same shit they did at Lehman Brothers in 2008 but this time they took 3 times more