australia's very own subprime crisis looming, page-189

Good Luck with that Passive 1

“Societe Generale SA forecasts China’s economic expansion will slow to 5.50% by 2018…”

http://www.bloomberg.com/news/2014-02-25/china-faces-lost-decade-as-stocks-echo-japan-chart-of-the-day.html

China's excessive Credit expansion will end badly, just as it did for Japan and every other country who has pursued excessive Credit expansion as an economic policy. What happens in China over the next 2 years will directly impact Australia's economy (including Australian house prices).

China's Debt-to-GDP ratio went from 125% in 2008 to 200% in 2014. Watch the mining Capex contract over the next 2 years.