In the last GFC, the US housing market crashed, and the Irish housing market crashed. What will happen in the next GFC? No housing markets crash in the next mega-crash? If not, why not?
Here’s another one for you -
The Japanese asset price bubble (バブル景気, baburu keiki, "bubble economy") was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and Japan's economy stagnated.
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