“The Chinese are beginning to realize that property prices can go down as well as up and this is going to be a very, very troubling development for the Chinese property market,” Chanos, president and founder of $6 billion hedge fund Kynikos Associates Ltd., said in a Bloomberg Television interview from Singapore with Susan Li today. 

Perhaps by raising the ceiling of EUR/CHF once again to 1.30, albeit still a level deemed too strong for the CHF, they could trigger more broad based CHF selling, e.g. via the USD cross towards parity. 

If and when such private sector spending is successfully reinitiated, the US could be on its way towards more sustainable economic recovery. 

Cousins, the Atlanta-based REIT, bought Promenade Two, an Atlanta building in November that was 58 percent leased when it purchased it after its anchor tenant moved out. 

Singapore property and construction firm BBR Holdings Ltd had expected strong demand for the luxury flats, but is now struggling with sales after the city-state introduced measures aimed at curbing demand from foreign buyers. 

The economy will grow at least 8 percent over the next decade as growing domestic consumption and investment in new industries offset the export slowdown, according to Carlyle Group LP and Leeb Capital Management.