Business Report, 20 Sep 2009
Mr "We Can't Detect Bubbles" probably never thought he could learn a thing or three from an economy of 4.8 million people. This week, Singapore National Development Minister Mah Bow Tan unveiled measures to prevent excessive price swings in the real estate market.
The reason: The Asian country sees the very signs of rampant speculation in home buying that central bankers such as Greenspan long argued couldn't be spotted or headed off.
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