"September 26, 2021 FINANCIAL authorities in America and Europe took sweeping powers yesterday to avert a financial crisis by imposing restrictions on markets. In their sights are a peculiar brand of speculators known as %u201Clong-buyers%u201D who buy assets not to live off the income they generate but to profit from rising prices... ... Particular criticism has been reserved for people dubbed... [more]
"September 26, 2021
FINANCIAL authorities in America and Europe took sweeping powers yesterday to avert a financial crisis by imposing restrictions on markets. In their sights are a peculiar brand of speculators known as %u201Clong-buyers%u201D who buy assets not to live off the income they generate but to profit from rising prices...
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Particular criticism has been reserved for people dubbed %u201Cnaked long-buyers%u201D, those who try to buy homes without putting up a deposit. %u201CSuch people are in effect renters with a free call option on rising house prices,%u201D said one financial analyst, %u201Cbut they expect to be bailed out by taxpayers when house prices fall.%u201D
http://www.economist.com/finance/displaystory.cfm?story_id=12305786[less]
2021??? try 2012;)