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Thursday, June 16, 2011

At least they had the good sense to try to head it off

So, there's this story on Bloomberg about Asian real estate markets coming in due to policy tightenings. At least they don't wait for the overshoot to be too large before trying to correct it. We could learn a thing or two about it. Sadly, they will probably blame these policies for any resulting problems and not the runaway speculation. Sigh.

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