2015-05-13oftwominds.com

``Housing may not be in bubble territory everywhere, but it's reaching bubblicious heights wherever global hot money is pouring into the domestic economy: for example, the San Francisco Bay Area. Global hot money has two increasingly desperate goals: . find a positive, low-risk yield, 2. shift the staggering gains reaped from corruption and central-bank financialization bubbles into hard assets such as Impressionist paintings, real estate, etc.''



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