Originally posted by expat
Take banks - they are regulated pretty heavily: they have limits set by central banks to ensure they do not take too much risk as the whole economy can collapse in cases when big bubbles are build.
Have you forgotten 2000-2002 already? I remember how people on this board were bitter about not being able to find contract for 18 months, and why did that happen? Because unregulated bubble was build and it burst, same is happening now on a much bigger level as home ownership in this country is very high.
Comment