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DewDiligence

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DewDiligence

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Re: DewDiligence post# 2768

Monday, 04/01/2013 3:23:19 PM

Monday, April 01, 2013 3:23:19 PM

Post# of 30493
China’s imposing a 20% capital-gains tax on residential real estate in Bejing and Shanghai and its plans for an annual property tax are examples of modernization, but framing it as a problem sells more newspapers, I suppose:

http://www.nytimes.com/2013/04/01/world/asia/2-china-cities-move-to-cool-overheated-housing-market.html

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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