Wednesday, August 25, 2010


About the Chinese housing bubble that will crash their economy:

1'China property plunge would barely dent CCB -report' - Reuters

A state directed banking sector surely has been disastrous for the PRC.

2'Pakistan flood aid from Islamic extremists' - UK Telegraph

It appears some political groups are serious about winning hearts and minds. But Pakistan's president has his kid at Cambridge so all is well.

3California to Issue IOU's - Zero Hedge

Sounds like money printing to me, illegal for states under the U.S. Constitution.

4Consumers Dropping Pay TV Services' - Investor's Business Daily

The internet will end up wiping out more modes of profitability than it engenders.

5'US forges closer military ties with Vietnam' - WSWS

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