Turbulence in Chinese Property Markets

Karishma Vaswani raises in this article from the BBC the prospect of current trends in Chniese property markets being indicative of a dangerous 'bubble' and the implications of this for the wider economy.

As a bit of a 'tulip fever' buff, I'd recommend a lot of books - Philip Dash, Deborah Moggach and even Alexandre Dumas' "The Black Tulip" for starters.

Quite what this has to do with China...well, all are illustrative of the irrationality of 'bubbles', the forces which temporarily sustain them and the dangers associated with them.