Keeping with the theme of Chinese hard landing and the various charts I have presented over the last week or two, I thought I would present the HK residential property price index in the today's chart of the day.
We are now starting to decline, so the bulls say this is just a much needed correction while the bears say a hard landing in China will be a repeat of 1997 Asian Financial Crisis. Some bears say the majority of the worlds economy could enter a huge deflationary bust and a prolonged period of no growth, similar to that 1930s. Finally, super bears say the world is about to end haha!
What do you say?