Back to Housing Bubbles

An uncomfortable topic. Nouriel Roubini sees housing bubbles in Switzerland, Sweden, Norway, Finland, France, Germany, Canada, Australia, New Zealand, and, back for an encore, the UK (well, London). In emerging markets, bubbles are appearing in Hong Kong, Singapore, China, and Israel, and in major urban centers in Turkey, India, Indonesia, and Brazil. Given global interest rates, the analysis is not surprising…