stock and property markets rose

stock and property markets rose, led the increase in demand, so why Greenspan was able to effectively manage the economy so each time when the economic downturn could pull the economy through the payment of money back, actually engaged in a bubble. engage in foam inside, there is an obvious thing you can see, that is, a substantial increase in debt ratios. debt ratio substantial increase in borrowed money to buy stocks, real estate, causing the stock, real estate price increases. This is the accumulation of so many years together, we see that there have been many in the Greenspan era of relative prices change. For example, U.S. home prices, U.S. housing historically, the overall value and the proportion of GDP, double the historical average is below the last bubble is 1.3 times lower when times are 0.7,0.8, income and housing price ratio is relatively stable, this time to 1.7 times in history does not appear, the UK house prices is even more ridiculous, the ratio of house prices and income, 94 years from the highest point is 2006, an increase of 200% the United States increased by 100%.