Mark my word, Indonesia (Jakarta to be precise) is heading to - TopicsExpress

Mark my word, Indonesia (Jakarta to be precise) is heading to sub-prime mortgage ala US. First indication, inflation is the key issue in BI and that shows consumption mode economics. Second, the majority of this consumption is on mortgage. Third, property price is soaring at a rate higher than any other, percentage and confidence wise, without a clear reference to economic fundament. We are just waiting for it to grow and burst.

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