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The hottest market in the hottest economy in the world is Chinese real estate. The big question is how vulnerable is this market to a crash.
China new world city
George Kukla, together with Robert Matthews of Brown University, convened a conference in 1972 entitled “The Present Interglacial: How and When will it End?”, and reported it in Science magazine... [note the date]
Kukla and Matthews alerted President Richard Nixon, and as a result the US Administration set up a Panel on the Present Interglacial involving the State Department and other agencies. None of us knew then that the mid-century cooling was about to be punctuated by a warming spell from the late 1970s to the mid 1990s.... [again note the dates]
A more definitive confirmation of Milankovitch came in 1976, in a paper by Hays, Imbrie and Shackleton, using Shackleton’s data in the figure above. But long before either that paper or my own, there was widespread behind-the-scenes acceptance of Milankovitch, and Kukla, for one, was concerned about the implications.....
George Kukla: Well almost all of us have been pretty sure that there were only four ice ages, separated by relatively long warm intervals. But now we know that there were twenty in the last two million years. And the warm periods are much shorter than we believed originally. They are something around 10,000 years long. and I’m sorry to say that the one we are living in now has just passed its 10,000 year birthday. That of course means that the ice age is due now any time.
INTERNATIONAL MAN OF MYSTERY: WHO IS MAURICE STRONG?
As Elaine Dewar wrote in Toronto's Saturday Night magazine:
It is instructive to read Strong's 1972 Stockholm speech and compare it with the issues of Earth Summit 1992. Strong warned urgently about global warming, the devastation of forests, the loss of biodiversity, polluted oceans, the population time bomb. Then as now, he invited to the conference the brand-new environmental NGOs [non-governmental organizations]: he gave them money to come; they were invited to raise hell at home. After Stockholm, environment issues became part of the administrative framework in Canada, the U.S., Britain, and Europe.
Fossil evidence clearly demonstrates that Earth vs climate can shift gears within a decade....
But the concept remains little known and scarcely appreciated in the wider community of scientists, economists, policy makers, and world political and business leaders. Thus, world leaders may be planning for climate scenarios of global warming that are opposite to what might actually occur...