stock and property markets rose

stock and property markets rose,led the increase in demand,so why Greenspan was so effective to be able to manage the economy,each economic downturn,when money can be released pull back the economy,is actually engaged in the bubble.engage in foam inside,there is an obvious thing you can see,that is,a substantial increase christian louboutin in debt ratios.liabilities of a large increase in borrowed money to buy shares ,real estate,causing the stock,real estate price increases.This is the accumulation of so many years together,we see that in the Greenspan era has witnessed many changes in relative prices.For example,U.S.home prices,U.S.housing from Historically,the total value and percentage of GDP,double the historical average is below the last bubble is 1.3 times lower when times are 0.7,0.8,income and the ratio of house prices is relatively stable,the 1.7 times in history does not appear,and the UK house prices is even christian louboutin shoes more ridiculous,the ratio of house prices and income,94 years from the highest point is 2006,an increase of 200%,the United States increased by 100%.The price of emergence,that is,that inflation was a special forces after casting,the central bank print money to stimulate the assets over the market,causing asset prices,wealth effect stimulate demand,Greenspan bubble by creating a new address after the last bubble burst left economic problems.Now,after the big bubble burst,many people think that we have to create a new bubble could solve the economic problems,so many ideas that printing money,and then engage in a bubble,we think that people live after the bubble burst can not go yesterday,the day it is better than the stock high,christian louboutin sale high prices,high profits,consumer Yip Wong,suddenly the bubble burst,just when the Government Reform explosion,blamed Wall Street greed,brought us such a big disaster,and now aside,and the whole world are now in the praise-singing.Why? miss the last bubble,wanted to return to yesterday How wonderful!