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I used to think as you describe but have learned more about it. It seems there really was fraud at the banks which invested in real estate. Much of the problem real estate is in areas that mirror those in the U.S. during the 2008 meltdown--no one really cares about those areas in the big cities.

I also believe there's been a lot of real estate malinvestment in the West. So I see it as a global problem. But China has never faced it so will be interesting. But I"m still with you it is a pressure that may lead to bad things about Taiwan. Thanks For the comment!!!

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Max Can't Help It!
Max Can't Help It!

Written by Max Can't Help It!

Trying to connect what hasn't been connected.

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