The Sarcasm Report v.73

December 18, 2010
On Housing Prices, Chinese Statistics Say One Thing, Then Another

A statistics expert in China who asked not to be named told Beijing Business Today that the reason for such a big discrepancy in CASS’s two predictions is that there is no uniform standard for scientific computation. They were based on an evaluation of the current policy and economic environment, but lack the support of basic research data.

Shocking!

You might think I'm shocked at the lack of a uniform standard for scientific computation or the lack of support of basic research data. That's not it.

I'm actually shocked that a statistics expert in China would ask not to be named. Shocked I tell you! Shocked!

Cao believes that China’s real estate bubble will burst, and its timing depends on the critical point of the overall Chinese economy. Once that point is reached, it will trigger a massive burst of the housing bubble.

Shocking? Not really. I've been desensitized, lol. Sigh.