Value Investing World

Thursday, September 15, 2011

GMO whitepaper: Between Errors of Optimism and Pessimism – Observations on the Real Estate Cycle in the United States and China - By Edward Chancellor

US housing has been through a prolonged slump, while China’s real estate market has been booming. Many people believe these trends will continue for a while. In fact, property is the most cyclical of assets. After five years of decline, the US real estate cycle may well be approaching a trough. Across the Pacific Ocean, however, it looks like time is running out for China’s overheated property market.

Joe at 9/15/2011
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