How China can burst U.S. real estate bubble - 2005-08-14
In the new global economy, almost everything's linked to everything else. Case in point: China will let its currency rise against the dollar and America's housing bubble will burst.
Let me explain. The housing bubble has been supported by low mortgage rates which have made it easy for lots of people to acquire a house. Other major investments require more capital up front. But with mortgage rates this low, housing has become the major investment for average Americans who haven't saved much of anything.
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