Asset bubbles never last: not one, ever

It’s the same precursors everywhere: risky loans underwritten by governments, bubbling realty prices and precariously indebted households…the mean reversions once they start, tend to be swift and violent.

Sahil Mahtani, analyst at Deutsche Bank, likens the London real estate market to the Hong Kong property bubble and why he says it is about to burst. Here is a direct video link.

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