Quote Originally Posted by fj1200 View Post
Everyone is a speculator so it's a loaded term. Nevertheless they were swimming in a pool overfilled by the Fed; they didn't cause the bubble they merely were raised by the water level. I do fear that the Fed has merely created a different bubble causing other assets to rise but we'll see.

So regarding the ghost cities it seems that they have been sold as speculation to speculators. If that bubble happens to burst then whose fault would it be? The speculators or the government who allowed a corruption profits bubble?
The government couldn’t care less whose fault it is. If the bubble bursts the property companies go bust and the owners lose, not the economy. If it in any way affected the economy, the property company owners would be arrested and jailed, or shot.