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Norway: The likeliest country to suffer next housing crisis

Posted on 26 June 2012

Data from the U.S. housing boom and bust suggests that Norway’s exuberant real estate market is likely a bubble whose bursting could deal a blow to the Norwegian economy, a paper published by the San Francisco Fed said on Monday.
Asset bubbles are notoriously hard to identify as they build because it is hard to tell whether price rises are being fueled by excessive risk-taking or by plausible economic fundamentals………………………………………..Full Article: Source


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