Bloomberg: 'Ghost of 1994' looms over Asia

[finnfinn]

IMO, real estate is unlikely a "mother" of all financial crisis.

What about the 2008 US subprime mortgage crisis ?

First of all, for argument sake, 2008 crisis is just one crisis among the three discussed, so it is non-conclusive to say "mother of all".

Secondly, I will not relate the 2008 crisis with real estate, but with financial engineering and incentive model of bankers.

Hmm.. financial engineering helps to artifcially bring down financing property. Fueling housing bubble. . Is cheap financing that is the problem. . financial engineering is just a tool to get there. . As for incentive model of bankers.. another tool to sell the story to investors .the key here is cheap financing. .many has attribute causes of 2008 to various factors but I find cheap financing more digestable...

As for being the mother of all, that is my opinion la. ..