tag:blogger.com,1999:blog-7294165939647321702.post2777614943831727361..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Global BubblesSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7294165939647321702.post-53041336468398172752011-12-08T19:05:09.873-05:002011-12-08T19:05:09.873-05:00Hi Anon,
You are right, that's what it shows;...Hi Anon,<br /><br />You are right, that's what it shows; I don't know what I did wrong the first time. I could not identify the data source though, and this flies in the face of <a href="http://en.wikipedia.org/wiki/Chinese_property_bubble" rel="nofollow">other data that's available</a>.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-61318050792955344592011-12-06T13:17:12.154-05:002011-12-06T13:17:12.154-05:00It feels like maybe I'm missing something. Cou...It feels like maybe I'm missing something. Could you check if you plot "Prices against average income" and select China, the starting value in 2001 is 100 and the curve goes down to between 40 and 60 by year 2011. That's -50%?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-47103045023974719852011-12-05T16:26:50.979-05:002011-12-05T16:26:50.979-05:00Hi Paul,
I do, but with a couple of caveats:
1) ...Hi Paul,<br /><br />I do, but with a couple of caveats:<br /><br />1) I liked it in the 40's, so take my opinion for what it's worth (very little!)<br /><br />2) Execution risk has increased in my opinion. Whatever competitive advantage(s) they may have are being eroded by continuous missteps.<br /><br />Hi Anon,<br /><br />Using the Economist tool linked in the article, I see China's price to income ratio increasing rather significantly over the decade...am I missing something?Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-86502595730596053142011-12-02T17:56:43.395-05:002011-12-02T17:56:43.395-05:00Good post.
Did you see that decline in China's...Good post.<br />Did you see that decline in China's price-to-income ratio? That looks like -50% in a decade, indicating that average income growth has far outpaced housing prices?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-21776943151345638252011-12-02T12:55:41.783-05:002011-12-02T12:55:41.783-05:00Saj,
Do you still like RIMM?Saj,<br /><br />Do you still like RIMM?Paulnoreply@blogger.com