Sentences with phrase «estate bubble formed»

Not exact matches

Because crazy as it may seem, it was the real estate bubble that brought in the foreign exchange — in the form of mortgage loans denominated in foreign currencies — that financed their structural trade deficits.

Spain could therefore either use the imported German capital to (a) increase domestic investment (which it did in the form of a real estate bubble)(b) binge on consumption and sharply reduce its savings as a function of GDP (which it also did)(c) accept higher unemployment (which it is now forced to do) which forces GDP to fall faster than consumption falls or (d) try to emulate Germany by passing off a trade imbalance at the expense of the rest of the world (which Europe as a whole is trying to do and which will go nowhere in the long run because only one country is even remotely capable of accepting such massive inflows, and it is increasingly unwilling to import the unemployment caused by German and Asian policies).

A decade later, he voiced concerns again about bubbles forming in the real estate and financial sectors... and we all know how those turned out.

Another form of optimism, in the real - estate or art bubbles these days, lay well in the future.