By on April 11, 2010

Chinese dually. Picture courtesy transportfool.com

I spent an interesting Saturday with two old friends of mine. They had never met before. One, American, CFO of an insurance company, had been in the finance and banking business all his professional life. The other, born Chinese, naturalized American. Was one of the top mortgage writers in the Silicon Valley before the dotcom crash. Came back to China and heads a Chinese/American bank. The two got along splendidly.

Of course, we talked about money and cars. Recently, there was a discussion on TTAC on how the bursting of the Chinese real estate bubble would destroy the car market just like it had in the USA. I eagerly set out to pick their brains.

Quite oddly, the first one to throw water on the bubble theory was my friend, the staid CFO of the staid insurance company. (Read More…)

Recent Comments

  • FreedMike: Nope, I like my job. :)
  • FreedMike: All lending is based on risk and profit, and low rates definitely make lending more attractive. Classic...
  • mopar4wd: I think they are nostalgic for CRV’s. I’m starting to see lot’s of first Gen CRV’s...
  • RHD: How much of its design was cribbed from the Honda Element? I saw one yesterday, and the size, proportions and...
  • mopar4wd: Exactly. The more money you have the cheaper money is.

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