1/6 Guo Shuqing is right to worry about real estate: since at least the Roman financial crisis of 33 AD (and probably earlier), nearly every major financial crisis in history was ultimately driven by a collapse in real estate.https://www.scmp.com/economy/china-economy/article/3112114/china-ripe-subprime-crisis-banking-regulator-sees-property …
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So essentially, a liquidity crisis created by the senate's moralizing. Tiberius eventually resolves the problem by dumping money into the banking system and offering interest-free loans on the security of land, essentially bailing out both the bankers and the landholders.
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Tacitus really wants to connect this to the Sejanus affair, but the banking crisis in in 33, Sejanus is dead in 31, so I'm not sure I buy it.
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