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Housing Bubble

This isn't in the United States, but in China. What was amazing to me was the magnitude. To make their GDP look good the Chinese are building "ghost cities". Some estimates say there are 65 MILLION empty apartments in these ghost cities.

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Bloomberg Television's "Behind The Wall": China's Ghost Cities [4:04] China's Ghost Cities and Malls [14:38]
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China's Empty City: government stimulus & central planning at work [3:08]









10.06.2011. 06:44

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I am one of those "once" middle class, over 60, over educated, under-employed, semi retired, soon to be poor workers, that everyone is talking about. 
But I have a modest standard of living so I plan to give all extra donation, beyond my immediate needs, to several of my favorite charities.

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