"Dark Clouds Are Gathering Over the Housing Market", the Frankfurter Allgemeine Zeitung writes on the first page of its business section. The paper refers to a study on expansive monetary policy, lending practices, rising real estate prices and financial crises and this does not bode well.
Volker Wieland compares the current monetary policy of the European Central Bank with the Federal Reserve's monetary policy before the financial crisis of the years 2007 and 2008 pointing out parallels.
(FAZ.NET: "Am Häusermarkt braut sich etwas zusammen")
