(USA) Chinese property markets a US problem
The words 'financial stresses' have been used to describe the bum-itching problem of Chinese super property developer Evergrande and its possible effects on the US economy. Another Lehman Brothers event may well be on the cards and although some dismiss the situation as irrelevant, the much deeper thinkers are forecasting a crisis. Are the seventiesplus worried? We should be. None of us really know who's holding our pension capital right now but an awful lot of it is tied up in prime real-estate. Think on!