Friday, November 13, 2009
This YouTube video (hat tip Sam) has been making the rounds over the last 24 hours and for good reason - it paints an entirely different picture of the 2009 China growth story than the one that most investors in foreign stocks probably believe at the moment.
Favorite line: "Nobody's ever really lost money on real estate in China - not on a consistent basis. So, people look at that as a very safe investment".
You would have been correct saying the same thing in the U.S. just a few years ago.