Tuesday, November 16, 2010

China Stops Real Estate Loans

I read with great interest on how China is attempting to prevent a real estate bubble (or at least quickly pop a small one) by restricting new loans for real estate development.

This is, of course, in contrast to Mr. Bernanke's new QE policy that is trying to stimulate another bubble into being with near zero interest rates and massive liquidity.

Interesting how both nations react to real estate bubbles, yes?