The 2007 mostly global crash, and the early 1990s Japanese crash.  

@Bob Houston I know a bunch of guys in your line of work and have picked up some of the Vocab though very little of understanding, so can you weigh in on this:Is it valid to say that a good deal of downward pressure on the T-note is due to the RELATIVE safety of the US and the current need for liquidity in the face of the potential need to cover riskier investments globally?

Today we live in global economy. 

Many seasoned and newbies frequent BP so you are among the best real estate professionals globally for networking plus.

Hi,I just want to share a link to a global real estate site that I found. it might be useful to those who are new and wish to know about investing in other countries other than their own.

i would love to contribute but as a relatively new investor, i find myself vastly inexperienced to make a valuable comment, especially when we have so many seasoned investors....i am all for sharing my experiences with other new investors, and responding to questions, but then, someone else has already been there...done that...before i even recognised the vast opportunity we have in REI

I'm making my comments about a likely downturn based on the global pandemic that has already seized global capital markets. 

And please don´t compares your german with my english^^, english is global language, german not ;).

But there is a good argument that things are getting close to the top with lower cap rates, higher stock valuations, likely interest rate hikes, global economic changes and attitudes towards globalization, etc. 

We're in the midst of a global pandemic!