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Loan Modification

: Mortgage Lender Implode-o-Meter

China: Proudly Demolishing Buildings Before Completed In Pursuit Of The Glorious Housing Bubble Perpetual Engine

By Implode-Explode Heavy Industries

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"Ever wonder how China can endlessly generate goal-seeked GDP of precisely 8.00001% year after year? Or how it can constantly find use for the massive and ever-larger surplus of warehoused commodities? Simple - never stop building. Which, apparently means blowing up empty building before they are even finished and rebuilding them. Rinse. Repeat."

Full post as published by Mortgage Lender Implode-o-Meter on September 27, 2010 (boomark / email).

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