We’ve been seeing the bubble boom and bust across the globe.
We know how the U.S. has blown its dotcom bubble and real estate bubble and how they are paying the price.
Japan has undergone two lost decades after their stock market/real estate burst.
China is also facing a property bubble pop with credit growing at 20+% YOY.
Korea is not immune from this issue.
The bubble boom and bust has destroyed the productive capacity of a nation to a considerable degree. Resources have been wasted by blowing bubbles.
Bubbles are a byproduct of bad policies.
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