If the world has learned anything at all since the financial crisis – other than that crimes at the highest levels of finance aren’t actually crimes – it is that heroic money printing and a relentless zero-interest-rate policy by central banks re-inflate asset prices, no matter what the assets are, until they form new bubbles … and a whole new body of rhetoric about why, this time, it’s different.
via Testosterone Pit – Home – Cracks Forming In Housing Bubble II (But This Time It’s Different).
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