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So, sadly, not a pure and perfect method of identifying real estate bubbles, the heights of the new skyscrapers.
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This produced a series of bubbles, including sub-prime in the U.S. and real estate bubbles in a range of European countries including the U.K., Spain and Ireland.
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Consider that during this 42-year period we had wars, financial and energy crises, technology and real estate bubbles, and of course periods of high market volatility.
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Many of these asset bubbles have now burst in areas such as real estate and the stock market.
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As a result of this superabundance of capital, numerous bubbles will form around asset prices from global real estate to metals and agriculture.
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Back in the 1980s, Japanese bankers poured billions of dollars into residential and commercial real estate and fine art both inside and outside their country, financing one of the biggest bubbles in modern history.
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