In more growing economic news from China, we see China’s stock market close at a record high of over 6,000 points. Let me sum this up for you:

Chinese investors have taken irrational exuberance to entirely new levels. On Oct. 15, the Shanghai Stock Index blasted through the 6000-point mark, and closed at 6337 on Oct. 17, up an astonishing 125% since the beginning of the year.  The Chinese market has more than doubled in value so far this year and sextupled in two years.  “It’s totally out of control,” says Carl Walter, a managing director at JPMorgan.

As the article states, it looks like China is headed towards a correction as the rapid rise look unsustainable.  Still China’s economy is growing at double digit growth rates.

Compare that to the article about the US economy.  The money that is creating wealth in the Chinese market, could be similar to the money that was made in the late 90’s early 2000’s in the US, which helped lead to a boom in real estate.  Asia has is being eyed as the next big market boom for Hawaii real estate.  Lets see what happens.