Miami Herald asks "Is the Panama Party over?"
The fact that these questions are being asked by the international press tells us that although Panamanian developers and politicians may be in denial, the rest of the world is not.
Panama's developers hoped to lure U.S. retirees with cheap prices. Then came speculators, 380 tower projects representing more than 40,000 condos, rising prices and the possibility of a bust.
It's hard to find evidence that white-haired North Americans are mounting an invasion of retirees, and you can almost hear the air escaping from the bubble.
