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...In a paper collaborated with Caginalp et al. in 2000, Vernon Smith, Nobel Laureate of 2002, established experiments on how the market deal with the bubbles from the past....
...That figure pales against the total value of the US housing market – $23.7tn at the end of 2012, according to Zillow – but it could grow exponentially if Blackstone et al are able to get their hands on cheap...
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