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BW: Or a real estate building bubble.
Beijing has introduced a string of measures in recent months to deflate what many analysts describe as a building bubble.
Real estate prices are still high, he said, but the volume of deals has gone down, allaying fears of a housing and commercial building bubble.
Then, when home sales slowed and the building bubble burst, the mafia profited again — by buying up at bargain prices houses that people put on the market or that otherwise would have gone unsold.
The state news agency WAM said ruler Sheikh Mohammed bin Rashid Al Maktoum had ordered a committee to be set up to look at the emirate's building bubble, which encouraged huge funding but was followed by huge losses when it burst.
In fact, the modest expansion, compared to the residential building bubble, encouraged many investors to bid up prices and to leverage commercial properties heavily.
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It's not news that Las Vegas, where value has dropped 48%, Miami (down 38%), and Orlando (down 31%) saw a burst of homebuilding fueled by bad loans and rampant house flipping between the years of 2002 and 2006, and that those building bubbles subsequently collapsed.
He also says that we can't achieve growth by going back to "consuming more than we're earning" (credit card debt) and building residential homes (misallocating resources for the benefit of building bubbles).
In the past, to combat the mosquitoes, some here have proposed building a bubble over the town or setting up huge fans to blow them away.
Building a bubble cloud.
Regardless of whether there is a building gold bubble about to burst or if new highs are in the pipeline, the pertinent question for jewelry stocks is if demand from gold investors outweighs jewelry buyers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com