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- Comparing bubbles, predicting the crash
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For the last 20 years, the UK has had the misfortune of living through two huge housing bubbles. The first was carefully nurtured under a Conservative government, and facilitated by the Bank of England under the control of the Treasury. The second happened under a Labour government that had given the central bank independence. Thus, it would seem that housing bubbles are non-party political and happen regardless of the legal status of the Bank of England…
Original Source: ukhousebubble.blogspot.com
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18 May, 2008| housingblogs |
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