Wednesday, November 11, 2009

House prices only ever go up

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 (624 views)
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