Friday, September 30, 2011

Chairman of China Construction Bank on Charlie Rose - asked about the real estate bubble

Guo ShuQing, the chairman of China Construction Bank was on Charlie Rose.  Charlie asked him about the real estate bubble @ 17:00. 

Charlie asked him if he thought the real estate bubble would burst. The chairman said, he doesn't expect it to burst because they will give it a "soft landing"...oy vey

To be honest, I haven't read CCB's financial filings so maybe I should shut up. Yet, I can't help feeling extremely anxious about BAC still having their stake in CCB. I've never heard of a real estate bubble having a soft landing - maybe there is an example of one, but I sure as heck don't know of one.

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