Economist Economist Nouriel Roubini Confirms Singapore's Property Bubles

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

Dear brothers and sisters,

who is credible? do you believe shameful and despicable PAP MP Tharman Shamugam who is not a PHD and his half cook story to smoke you that Singapore is a safe heaven for foreigners or do you believe Economist Nouriel Roubini who successfully predicted 1997 asian financial crisis?

he strongly claim that Singapore property will burst in 12 months!!!

Economist Nouriel Roubini is warning that 11 countries are showing indications of potential housing bubbles – an alarming prospect for the global economy, which is still recovering from the aftereffects of burst housing bubbles in the United States and elsewhere. He identifies another six countries in which major urban areas may have housing bubbles.

Those 17 countries with possible housing bubbles are mapped above in red. The lighter-red countries have housing bubbles in major urban areas only. You'll notice that this map includes very rich countries such as Switzerland and Norway along with enormous rising economies such as India and Indonesia. Perhaps most alarming, if least surprising, Roubini joins the rising chorus of economists warning that China's housing market is dangerously over-inflated. (He identifies mainland China as well as Hong Kong.)

http://www.washingtonpost.com/blogs/...using-bubbles/


Click here to view the whole thread at www.sammyboy.com.