the property bubble, page-3

Hi hairyback

The over-reaching private debt bubble, which began in 1964, will likely come to an end once and for all when the government runs out of fuel to throw on the fire.

This to me is the crucial comment because there is no restraint placed upon the politicians, bureaucrats and property industry to control what they do in order to advance their own fortunes.

This is turn means that we cannot predict when the bubble will end; will it be when we slide into depression? Will it be when the government changes?

It is crystal ball stuff now that politicians know they can do whatever they want with impunity and not suffer any responsibility for their actions