Thursday, February 23, 2012
The Post-2009 Northern & Western European Housing Bubble
Could Sweden or Finland be the scene of the next European financial crisis? It is actually far likelier than most people realize. While the world has been laser-focused on the woes of the heavily-indebted PIIGS nations for the last couple of years, property markets in Northern and Western European countries have been bubbling up to dizzying new heights in a repeat performance of the very property bubbles that caused the global financial crisis in the first place. With their overheated economies and ballooning property bubbles, todayâ€™s safe-haven European countries may very well be tomorrowâ€™s Greeces and Italys.