...the global economy’s new housing bubbles may not be about to burst
just yet, because the forces feeding them – especially easy money and
the need to hedge against inflation – are still fully operative.
Moreover, many banking systems have bigger capital buffers than in the
past, enabling them to absorb losses from a correction in home prices;
and, in most countries, households’ equity in their homes is greater
than it was in the US subprime mortgage bubble... - in Project-Syndicate.org
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
