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There were no property booms and no property busts.
There is a property bust and a moribund growth outlook.
Now Panamanians are suffering from a property bust and rising food prices.
After suffering a catastrophic banking and property bust, it has met its deficit-cutting targets.
He highlighted the small matter of sharply rising unemployment, deflationary pressures and a property bust.
"They are often linked to property and property busts which take years to play out," he says.
In part this is because Texan banks, hard hit in the last property bust, did not overexpand this time.
Will America be dragged into recession or will lower oil prices help the economy shake off the property bust?
Both the British and Spanish left are in trouble, grappling with an economic downturn and a property bust.
A property bust in Texas meant mortgages held by Texan banks failed, starving Texan companies of capital.
That is particularly true of family-owned construction companies, some of which saw the property bust coming.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com