Chinese Real Estate Collapse Will Hit America Hard, According to Influential Newsletter Profit Confidential
Profit Confidential, a leading and popular financial e-letter, says that America will be hit hard if Chinese real estate collapses.
- Bellingham, WA (1888PressRelease) November 24, 2011 - Michael Lombardi, the leading Profit Confidential contributor, says that, "Falling Chinese real estate prices are becoming a big concern…and the after-effects could reach America."
Sixty-six million people live in Beijing, Shanghai, Guangzhou and Shenzhen, and these four big cities are seeing the prices of homes softening. Chinese real estate prices could fall as much as 20% to 30% next year in these cities, according to a story in Beijing Business Today.
Lombardi says, "As you may recall, the Chinese government, fearing speculation in the Chinese real estate market, raised home down-payment requirements and mortgage rates in April to cool the housing market." Profit Confidential states that these steps may have gone too far, cooling the Chinese real estate market too quickly.
As China's economy has grown so fast, as the country has become a big world buyer of materials related to home building, materials companies have looked at exports to China as an offset to the pathetic American new home construction market.
A slowdown in the Chinese real estate market would have severe global ramifications, possibly causing more damage to the U.S. economy than the eurozone crisis. Profit Confidential is monitoring this developing story closely for its readers.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it "begged" its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation's free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi's current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.
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