Quote:
Originally Posted by Duck From NY
Does anyone else feel like the next big economic bubble will be all of this investment in developing countries?
Is this a result of too much central planning?
Does ego of Middle-Eastern rulers play a role?
Is this partly a result of a need to prove a given civilization is equal to the West?
Do you think a lot of these domestic elements in the Middle-East and elsewhere are being taken advantage of by Western insurers, bankers, investers, etc?
An interesting article about brand-new Chinese ghost towns: http://www.dailymail.co.uk/news/arti...ely-empty.html
I wish the best for the developing world, but this doesn't look good. |
eventually they will end up like dubai that almost went bankrupt after the burj khalifa...china is my next bet on the next bubble to burst..there economy is slowing..there buildings are a large percentage vacant, and they keep building more..