By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Politics Discussion - EU wins Nobel peace Prize. No... seriously, they did!

SamuelRSmith on 14 October 2012
Kasz216 said:


Incidentally it's also worth noting that as far as banking regulations and derivatives regulations go... Europe's laws are actually more permissable in general then the US at the time of the GFC.

Most of europe actually had it's own real estate that burst along with the US bubble.  Without the US bubble bursting... the Europeon one would of bursted eventually on it's own.

 

As for central bank caused housing problems... I imagine you'll find this interesting.

http://www.bloomberg.com/news/2012-07-25/hong-kong-to-oslo-flirt-with-bubbles-on-cheap-cash-mortgages.html


I do, though I don't think it's entirely fair to blame the Feds for Hong Kong (though, it all plays a part). PRC's Government's done more than enough to stimulate a housing bubble, round here:

http://www.businessinsider.com/pictures-chinese-ghost-cities-2010-12?op=1