Housing.com News, Analysis & Opinion: Housing News: Wind from the East

I've discussed the influence Chinese markets are having on the American economy before, specifically why John Snow is a cretin. It's fascinating to watch the nascent markets of China take on the construction craze with the same wild-eyed fervor we have.

I'm sure it would be a bitter pill to swallow, but perhaps they're taking some lessons from Japan on how to get out of a slump. What's chilling about that is that you could swap out "Japan" for "America," and that article would read no different than any recent domestic news. Money quote:

The Bank of Japan has kept its low interest-rate policy for four years to help spur a recovery after nearly 15 years of slow or no growth. Lower interest rates make it easier for businesses to borrow money to expand.

Sound at all familiar to you? I wonder how they're handling their spate of no-document, interest only loans. This may well be a portent of where our own economy is going, for good or ill, over the next few years.

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An interesting piece from Business Week via Yahoo about the the new innovations in Chinese architecture. I've discussed the influence Chinese markets are having on the American economy before, specifically why John Snow is a cretin. It's fascinating to watch the nascent markets of China take on the construction craze with the same wild-eyed fervor we have. I'm sure it would be a bitter pill to swallow, but perhaps they're taking some lessons from Japan on how to get out of a slump. What's chilling about that is that you could swap out "Japan" for "America," and that article would read no different than any recent domestic news. Money quote: The Bank of Japan has kept its low interest-rate policy for four years to help spur a recovery after nearly 15 years of slow or no growth. Lower interest rates make it easier for businesses to borrow money to expand. Sound at all familiar to you? I wonder how they're handling their spate of no-document, interest only loans. This may well be a portent of where our own economy is going, for good or ill, over the next few years.