Yes belief in perpetual appreciation causes many issues, but the challenge in not having it, is you end up with Japan where no one does anything with their money.
Finding the right balance between expectations of future growth, while avoiding creating a buble is key.
Yes belief in perpetual appreciation causes many issues, but the challenge in not having it, is you end up with Japan where no one does anything with their money.
Finding the right balance between expectations of future growth, while avoiding creating a buble is key.