Word: preboomers
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...early 2006. Since then, the number has fallen, but not yet back to its 15-year average - though that average might be overstating where the ratio will eventually level out, anyway, since it includes the boom years. If the price-ratio needs instead to settle back to its preboom average, then we're easily looking at up to another year of drops based on the current rate of decline, according to Carbacho-Burgos...
Under the impact of the sudden influx of cash, the Hong Kong market has surged upward in the past three months, now averages a $1,000,000-a-day turnover, more than three times the preboom volume...
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