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I am starting to see signs of imbalances emerge in the form of high asset prices, especially in real estate, and that trips the alert system, one lesson I have taken from past episodes is that once the imbalances have grown large, the options to deal with them are limited.

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    Quiz

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    "I'd rather be hated for who I am, than loved for who I am not."
    A Kurt Cobain
    B Vincent van Gogh
    C Michael Jackson
    D Franklin Pierce