Thursday, Sep 27, 2007
FT commentators are quite unsure about what they say
FT webcast: Housing holds up despite credit turmoil
In the past month the picture WAS less gloomy that we have recently seen in the press, true... but going forward... overstretched borrowers will not be able to borrow, all the forward looking surveys are negative, and 10000 people in the city may lose their jobs... the journalist had a gloomy look as well. But she said "if you have 25% for your deposit, the lending conditions are still good". Yes but who wants to throw good money after bad business and buy a "falling knife"?
Posted by confused76 @ 12:44 PM (258 views) Add Comment
1 Comment
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1. doomwatch said...
Not quite sure why Delphine didn't point out it's too early to assess the impact of the "credit crunch" from these Nationwide figures. Maybe it's because she looks like she needs a good nights kip ?