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Todays Best Links
Exciting Commercial Real Estate Bust on the way in London (Economist)
Yet, with the impeccably bad timing the industry is known for, construction boomed just as the market was peaking.
I think this is one of those that are almost tautological. Given how human psychology seems to work it appears to be inevitable.
Awesome graphic: Inflation adjusted price of gold for 400 years (Daily Telegraph via Kedrosky)