Randy (22 June 2013)
"China..........Economy..................................BOOM!!!!   (Before, or After the Rapture???)"


 

A few years ago I saw an article from China that said "Chinese Banks are trying to SLOW DOWN the Housing Market by imposing a 20% DOWNPAYMENT..On......THIRD HOME PURCHASES!
 
Third Home Purchases?????   Can you say US HOUSING CRASH !!???  
 
And today THIS article....  (STOP doing THIRD HOME LOANS....)
 
Article Quote:
In guidelines published over the weekend, authorities in Shanghai directed banks to stop issuing loans to individuals attempting the purchase of a third home.
 
 
Article/short video----- on China's Economy Problems:
http://finance.yahoo.com/blogs/daily-ticker/china-slowdown-now-clear-present-danger-154824780.html;_ylt=Aly5QMwfe2SZTokr3Z014.aiuYdG;_ylu=X3oDMTNybXBnbG1zBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDNjY2YTZmMDQtZTZlMy0zNzVmLWIyNjUtOWUyMjA2MzgzYzI5BHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyA2Q5Y2FmMDAwLWQ5YzAtMTFlMi05NWI3LTQzMzU2OGI3N2Q1ZA--;_ylg=X3oDMTFkcW51ZGliBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3BtaA--;_ylv=3
 
 
My Question....... HOW LOOSE ARE THE LENDING PRACTICES ON 2ND HOMES?  AND 1ST HOMES?
 
hMMMMMMMMMMMMMMMMMMMM,  MAYBE THAT'S A PROBLEM TOO???  !!!!    duh!!
 
My phrase....
 
IF THERE IS ANY.......ECONOMIC JUSTICE.............    CERTAIN THINGS HAVE TO HAPPEN:
 
1) Tech stocks HAD to crash in 2000................AND THEY DID!!  DUH!
2) USA Home prices had to collapse mid-2000 decade.....AND THEY DID!!!      2006 was the top
3) GOLD prices had to fall.......one day..............AND THEY DID, the last 3 months!!
 
and
4) China's problems, one day MUST BE A PROBLEM.......tick tock!!  CRASH!  (Before, or after the Rapture?   I dunno...)   
 
5) Interest Rates have to go up.................AND IT's STARTED ALREADY!!!
 
6) Europe's problems ARE NOT OVER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!     TICK TOCK..............BOOM!
 
7) Japan's market has to get hit hard, after the run it had in 2013.....AND IT DID!!!  
 
AND..............In CHINA:   We've been reading about it for a number of years........
GHOST cities.....and GHOST Malls TOO!
http://edition.cnn.com/2013/03/03/business/china-worlds-largest-mall/index.html?iid=EL
 
Things just CANNOT be a ROSY as they appear with all this ECONOMIC CRAP going on!!  
 
Ah...................SMOKE and MIRRORS..................................BOO!
 
and so on and so on........
 
TICK TOCK>...........................BOOM........................RAPTURE............
YFIC,
RAndy