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Back To The Future - Tyler Cowen
The Joe Walker Podcast
The Anti-Bubble of Panic
There is an argument that a bubble exists in western Sydney where valuations are incredibly high. The panic was in large part induced by subprime borrowers beginning to default on their mortgages. A lot of the negative shock was itself the mistake and not the so-called bubble I would say but again parts of it clearly were bubbly and out of control and insane.
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