The third REIT boom was in the 1990s and I think this third REIT boom is different from the others because it didn't arise from any government regulation change.
第三次发展浪潮在20世纪90年代,我认为第三次有别于前两次,因为这次不是源自政府监管的变革
Finally, getting it right to keep inflation low, keep that boom-bust cycle from coming back like it did, and you don't have to go, even go back so far period.
最终可以维持低通胀,打破繁荣与萧条的周期循环,这个已有先例,远的不说。
It doesn't match up very well though because interest rates have been going down since 1980 and the boom is very sudden, so it seems to me that Greenspan should have seen this bubble coming.
虽然这说法有些瑕疵,因为利率自1980年开始就一直下降,但繁荣却突如其来,所以我觉得,格林斯潘本应能看到泡沫的发生
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