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This is exactly the kind of housing finance guarantee that created the burst bubble that bankrupted the economy in the US and UK.
The world is getting used to one country's burst bubble disrupting the global economy - first the US, then Greece, and the next could be China.
The margin requirement hikes of the silver market are another indication of a burst bubble.
A journalist who has lived in the Middle East and writes on the region for the Sunday Business Post traces the country's dramatic rise and burst bubble.