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Friday, August 12, 2005
Attention, Speculators: Here's a Lesson from Hong Kong's Housing Bubble
Whenever housing prices soar -- in Shanghai, San Francisco or Santiago -- experts wonder whether the cause is a speculative bubble that could eventually burst, causing widespread distress. Such frenzied swings are not confined to real estate alone, of course, as any investor who lost his shirt during the dot-com mania of the 1990s knows. What causes such bubbles? Read more...posted by Charles Monat Associates at 11:36 AM
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