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There has been a massive debt fueled asset bubble since the late 1990's in surprisingly nearly all major world cities. And financial policy in most countries ha
by throw2016 10y ago
There has been a massive debt fueled asset bubble since the late 1990's in surprisingly nearly all major world cities. And financial policy in most countries has been not only fueling this but also protecting the banks. Any asset price drops will most likely devastate them. Unless these policies change asset prices will continue to rise.