May. 4th, 2017

There's a worrisome report in Wednesday's Wall Street Journal: "Real-estate loans are at a record in Japan, but local players say property values aren't in a bubble this time" (B1 and B6). The expression "This time it's different" has been heard many times in many countries, and, while there are differences in detail, the old patterns have a way of repeating themselves.

Be warned.

Profile

ndrosen

September 2017

S M T W T F S
      1 2
3 45 6 78 9
10 1112 131415 16
17 18192021 2223
24252627282930

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Sep. 22nd, 2017 11:48 am
Powered by Dreamwidth Studios