Tuesday, 22 May 2012

Behold the Norwegian Housing Bubble

Nuff' said!

And here is a comparison to Denmark and Sweden from  Statistics Norway.

In relation to this, the Norwegian Minister of Finance pointed out that households in Norway had never been so indebted. Now the only question is when the self-delusion will be realised by the public, which is probably going to be quite late as it is the common man himself who is doing the self-delusion.

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