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The Masked Tulip

Nouriel Roubini Just Identified A Ton Of Housing Markets That Look Like Bubbles To Him

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Now, five years later, signs of frothiness, if not outright bubbles, are reappearing in housing markets in Switzerland, Sweden, Norway, Finland, France, Germany, Canada, Australia, New Zealand, and, back for an encore, the UK (well, London).

In emerging markets, bubbles are appearing in Hong Kong, Singapore, China, and Israel, and in major urban centers in Turkey, India, Indonesia, and Brazil.

For now, Roubini doesn't see the bubble(s) bursting any time soon.

...the global economy’s new housing bubbles may not be about to burst just yet, because the forces feeding them – especially easy money and the need to hedge against inflation – are still fully operative. Moreover, many banking systems have bigger capital buffers than in the past, enabling them to absorb losses from a correction in home prices; and, in most countries, households’ equity in their homes is greater than it was in the US subprime mortgage bubble...

http://www.businessinsider.com/nouriel-roubini-warns-of-housing-bubbles-2013-11#ixzz2m3FTjM7J

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