Thats what a housing bubble bursting in the US looked like and that is not what one is going to look like in China.
FORBES: China Real Estate Prices Slowly Declining As Policy Demands Take Hold
Mr Greenspan argues that it is hard to be sure what constitutes a bubble.
But what if the bubble this time is in government bonds, not equities?
FORBES: Big Data News of the Week: The Business of Organizing the World's Data
Alan Greenspan, the former Federal Reserve Board chairman who has been criticized for keeping interest rates so low in 2003 and 2004 they fueled the housing bubble, testified earlier Wednesday that demand for loans to securitize, especially by Fannie Mae and Freddie Mac, were what inflated the bubble, not low short-term interest rates.
If Mr Greenspan thinks there might be a bubble, what is he playing at?
When we talk about what caused the housing bubble, speculators flipping homes are considered a symptom, not the cause.
Naturally, this leaves investors wondering whether or not a bubble formed in the bond market and, if it has, what will be catalyst for this bubble to burst?
After such a big run-up in housing prices in the bubble years, what would you expect?
Since 2010, the Chinese government has tried to deflate what had become a housing bubble without battering the Chinese economy.
However, I do suspect that there is a liquidity an extra liquidity premium being priced into Treasuries and that this is what I would call a bubble.
But that building costs point does explain why what would have been a bubble height in 1930 was, by 1980 say, possibly too short a height to be economic.
FORBES: Rising Skyscrapers, Not Rising Skirts, Indicate a Recession Coming
As for what will pop the 2008 commodity bubble, one can only guess.
What that means is that those bubble babies are just hitting their organized-sports years now, and will be around for a while.
Obviously, those signs you see no electioneering create what we election folks call a bubble, which is supposed to surround the polling place.
And so one of our challenges now, and I've been speaking about this for many months now, is how do we get what I call a post-bubble growth model, one that is sustainable.
WHITEHOUSE: President Obama: ��Economy Back from the Brink��
The Harvard physicist Russell Seitz wants to create what amounts to a giant oceanic bubble bath: bubbles trap air, which brightens them enough to reflect sunlight away from the surface of the earth.
This is commendable, especially if it encourages bankers and traders to become less inclined to repeat the errors of the past, learn how to recognise a bubble and remember that what tends to follow a boom is a bust.
Just as every talent has a flip side, one downside of such life-enhancing filtering is what Eli Pariser dubbed a filter bubble in which we narrow our interests and thus sometimes miss the serendipitous connections that can pull unexpected insights and friendships into our lives.
Spain has what looks like a house-price bubble, and so does Britain and, arguably, Ireland.
If he replaced the Fed with the gold standard, what would he do if the gold bubble burst?
What we did have was a housing bubble and collapse with the consequent falling over of large parts of the banking system.
That is what adviser Ron Weiner experienced during the tech bubble of the late 1990s.
应用推荐