First, I think the government is going to crack down even more seriously about the money flowing out of their country.
Outflows recently totaled $580 billion in 12 months. How can you continue to let your most affluent take their wealth out of the country under the guise of their kids’ education?
But more importantly, I think another shock is coming to China’s stock bubble burst. And that will create more uncertainty among the affluent. They can’t be feeling too secure about their financial assets, and some are already getting less comfortable with speculation.
My forecast: Look for another stock crash in China starting by late January. And then an acceleration of the real estate crash in China that has already begun.
This happened with the Japanese in the early 1990s…
When such a crash and implosion of wealth happens where it really matters – real estate – it will cause global speculation to come to a halt, and fast.
And that means curtains for many of the bubbliest cities around the world… even Plano, TX.
Read the original article on Economy & Markets. To stay ahead of the curve and allow yourself to survive and prosper throughout all up-and-coming economic trends, sign up for our FREE daily newsletter. You can also check out Economy and Markets on Facebook. Copyright 2015. Follow Economy & Markets on Twitter.