Historic Bubbles, Rates Improve, Home Appreciation
Bubbles – NPR’s Planet Money is doing a series on bubbles & this one took place in Kuwait during the late 1970’s. A massive influx of oil money had recently changed the city from minimal infrastructure (no running water/minimal electricity) to a bustling metropolis. With a highly regulated market and stable political climate became a […]
Icelandic Bubble, Appreciation Forecast, Mild Inflation
Iceland – has experienced its share of bubbles. A herring bubble in the 1960’s, in the early 2000’s they bet on becoming a financial hub before that crash and shortly after their country blew up. The 2010 eruption of Eyjafjallajökull caused the largest airspace disruption since WWII. The volcano did, however, ignite a tourism industry […]