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Samson Soturian
China Observer
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Foreclosure Rates Increase 190x in Four Years, Sign of Imminent Mortgage Crisis" video.
It's collapsed completely in that city, but Chinese provinces have economies that aren't necessarily connected to each other.
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"Imminent" Mortgage Crisis? Dude, widespread defaults are the norm in China. Is there really any reason to believe this is more than just ordinary market volatility?
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@brainletmong6302 Regionally, yes. This report focuses on one city where the market has completely collapsed. But Chinese provinces have economies that are as about as correlated to each other as European countries are to each other.
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@James-cb7nb Even if that were true, and it isn't, it is completely irrelavent.
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