In the highest price range, the last batch of buyers who can’t help but impulsively dump all their positions, the desire to buy is satisfied, the bid disappears, and only the sellers remain in the market. japan property agency There will be a “Jessie Paradox.” The serious mismatch and distortion of credit resources will lead to financial collapse. A tiny accident, rumors or a turn of the people may trigger the collapse of the market. The so-called “a broken hand”. In the raging music and drums, all the frenetic atmosphere will stimulate your lotus, Every crisis is enriching and perfecting the “Jessie Paradox.” Bernanke used this classic story to verify the US real estate market before the “subprime mortgage” crisis. The energy of the financial system to create credit and money multipliers is enormous, but it is this infinite currency and credit creation that creates “the worst speculative frenzy in American history” – the soaring US housing price has a classic fanatic bubble All the characteristics, japan property agency Nietzsche said that madness is an exception for individuals and is the norm for the group. Many clever things are performed in a stupid way, and many stupid things are carried out in a way that is extremely self-righteous. In 1990, the real estate bubble in Japan, the value of land in Tokyo, Japan reached more than 4 trillion US dollars, japan property agency equivalent to the value of land in the United States at that time, which is 63% of the US GDP. At the same time, In the utopian prosperity of real estate, there is no new creation in the real resources and wealth of the entire American society, but the boiling of the boiling asset bubble makes everyone become conceited and arrogant. After the crisis, Bernanke quoted in his book The Age of Turmoil an economic and common sense fable “Jessie Paradox” that he repeatedly said in the Great Depression. japan property agency An investor bought a lot of stocks when the market was good. He was shocked to find that the stocks rose quickly after he bought them. In the utopian prosperity of real estate, there is no new creation in the real resources and wealth of the entire American society, but the boiling of the boiling asset bubble makes everyone become conceited and arrogant. After the crisis, Bernanke quoted in his book japan property agency The Age of Turmoil an economic and common sense fable “Jessie Paradox” that he repeatedly said in the Great Depression. After the loose money volatility released by zero interest rate pushed the speculative bubble to a climax, “there is a large surplus of buyers and sellers, which will lead to the continual rise of asset prices that have gone so far, japan property agency otherwise the price level will never reach such a high boiling point. In fact, when most investors form a collective consensus that prices will rise and believe in them, the crisis will be uninvited, and price increases may suddenly stop. Any speculative market has such a characteristic.