JP Smith, who accurately forecast the 1998 Russian stock market crash, says China is in for a bust as bad as the ’08 U.S. mortgage bust, next year. TheStreet.com provides detailed coverage, on the reasoning, state of the Yuan (the Chinese currency), and other market factors. The reason that this is interesting to us is that, if Smith is correct, the Chinese money outflows are likely to accelerate in 2016, and as we’ve reported before, that can have a big impact on the U.S. housing market.
