A Quick Look at Global Real Estate Bubbles For Hints of Bank Risks

January 18, 2013

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“Housing is the best single indicator of whether you’re heading toward a financial crisis” ~ Ken Rogoff (2009)

Bubbles amidst the Nordic Countries garner less attention than others. I still like a long – short portfolio of REITS and Banks, with longs concentrated in Japan, US, Germany, Ireland, et al. vs shorts in China, Australia, Brazil, Canada, Denmark, et al. and . CNBC

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Rogoff and Reinhart (2008)

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‘Credit expansion and real currency appreciation have been the most significant predictors of financial crises’ ~ Gournichas & Obstfeld (2011)

Overall credit growth is quite high, highlights LATAM and Brazilian Bubble too

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Kenya is my favorite stealth bubble:

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Valuations:

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