Housing is really a global problem, where there are so many around the world who cannot afford to live in many cities in their country. And then you're seeing, as a result, either hopefull policies change, or upheavals,. Our uprisings, indeed, governments are falling as a result. We saw the swedish government collapse earlier this year, and one of the reasons was that it tried to get rid of a cap on a on rents. Justin troudeau has promised that if he comes back into office, he'll place a moratorium of two years on foreign purchases of canadian property. Foreign purchasers being a big driver of property price increases in can
Bloomberg News Economics Reporter Rich Miller discusses the Fed tapering chatter that is obscuring something important: the already-under-way cutback of the federal government’s budgetary support -- which is likely to have a much bigger impact on economic growth next year. Bloomberg Businessweek Editor Joel Weber and Bloomberg Businessweek Writer James Tarmy talk about advances in concrete, elevators, and engineering that have created a new breed of “supertall” buildings. Bloomberg New Economy Editorial Director Andy Browne explains why Beijing's crackdown may soon land on Macau. And we Drive to the Close with Michael Sheldon, Chief Investment Officer at Hightower RDM.
Hosts: Carol Massar and Ed Ludlow. Producer: Paul Brennan.
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