Wednesday, Nov 11, 2009

House prices only ever go up

Guardian: Rude awakening for former commie states

"We had unlimited belief in the capacity of the markets to regulate themselves. Most believed that property prices cannot fall, that it was a law of physics," said a Latvian economist working at one of the big Scandinavian banks in Riga.

Posted by chrisch @ 05:12 PM (578 views)
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