This article was first published at The McAlvany Intelligence Advisor on Monday, June 16, 2014:
Last month, the Financial Times saw what’s coming: Housing prices rose last year at the fastest rate since 1995, setting the stage for the next global bust. Eleven countries they were watching had year-over-year rises in double digits, adding:
Even Germany, known for its stable housing market, is prompting concern, with the Bundesbank warning that valuations are as much as 25 percent too high in [some] big cities.
It admitted great concern that regulators won’t be able to do anything about it, either, just like last time: