In emerging markets, the housing bubbles are being formed by efforts to manipulate currency rates, high inflation, lack of other investment alternatives and rapid urbanization whereby housing demand is outstripping supply, Roubini notes. According to Roubini, who is often bearish when it comes to investment assets like housing, equities and bonds, the affected overheated housing markets include those in Switzerland, Sweden, Norway, Finland, France, Germany, Canada, Australia, New Zealand, the United Kingdom (London), Hong Kong, Singapore, China, Israel, Turkey, India, Indonesia and Brazil. moneynews/Markets/Roubini-housing-bubble-emerging/2013/12/02/id/539487?ns_mail_uid=79177048
Posted on: Tue, 03 Dec 2013 01:58:38 +0000
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