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May 28, 2007
More Self-Styled Bubble Prickers
Yeesh, the world is apparently full of self-styled bubble-prickers. Greenspan last week, Shiller this week, and now we have the Hong Kong Monetary Authority weighing in:The Hong Kong Monetary Authority, the Chinese territory's de facto central bank, added its voice to the growing chorus of concern about the risk of an asset bubble in China."Excess liquidity may help create an asset-price bubble in China. The situation is worrying," the monetary authority said in a document it sent to the Legislative Council ahead of a meeting with legislators next week.
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