Wednesday, Oct 04, 2006

Booming? Stagnating? Falling?

The Independent (Online): Boom fear fades as households borrow less against property

If house prices are not booming, they must be stagnating or falling. No evidence of falls yet so they must be stagnating. Stagnation means no one is feeling wealthy any more and so they aren't keeping the economic engine going by conuming; is stagnation that brief interlude that separates boom times with hard times?

Posted by talking rot @ 03:01 PM (161 views) Add Comment

1 Comment

1. The Baldman said...

Amazing that the whole UK economy is based on inflated houses prices needed to fuel consumer spend

Thursday, October 5, 2006 11:49AM Report Comment
 

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