Sunday, Sep 30, 2007
More heads coming out of the sand?
Telegraph: Hedge funds bet on fall in house prices
Hedge funds are gambling on a fall in Britain's housing market with aggressive short selling of shares in housebuilders, developers and landlords. Big bets have been placed on shares in Persimmon, Britain's biggest housebuilder, taking a dive. Speculators are also predicting that Grainger, the country's biggest quoted investor in residential property, will see its share price drop.
Posted by uncle chris @ 11:57 PM (884 views) Add Comment
1 Comment
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1. Orwell said...
"....Big bets have been placed on shares in Persimmon, Britain's biggest housebuilder, taking a dive, The Sunday Telegraph has learnt. Speculators are also predicting that Grainger, the country's biggest quoted investor in residential property, will see its share price drop.
advertisementThe revelation comes amid mounting expectations that Britain's consumer debt bubble is about to burst as mortgage lenders raise interest rates in response to the global credit crunch...."
Oh dear, oh dear, oh dear, oh dear, oh dear.........