Articles About Asset-price Inflation
- Author:
- James I. Clark III
- Posted:
- 03.04.2010
Cheap Money to Build Skyscrapers Has Gone Bust
The last 30 years have seen a boom for skyscraper construction because the cost of borrowing money had declined significantly. When investors borrow money to purchase assets, they send prices higher. The problem is that this borrowing makes the markets susceptible to busts when investors sell assets to pay their debts. The recent financial crisis […]