Sunday, Nov 25, 2007
Five Years Too Late?
Guardian: Any more mistakes and we follow the US into crisis
Everybody knows that house and flat prices are very high in relation to salaries and wages, and that buyers have overstretched themselves with daft mortgages.
Posted by quiet guy @ 09:41 AM (588 views) Add Comment
4 Comments
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1. inbreda said...
the article is good - but the user comments underneath it are even better!!
2. speculatorone said...
inbreda, reading the comments sums up everyboby's feelings at the moment. We have all been waiting for a long time for this and now we all actually feel like it is going to happen.
I hope it is a crash and not a long slow drop!
3. Quiet Guy said...
inbreda, yes the comments are good reading aren't they! I'm beginning to wonder if we may be entering a genuinely new economic era - not the waffle that Mr Brown speaks of - an era in which more and more people are beginning to understand concepts like fiat monetary systems and fiddled inflation figures thanks to the Internet. Quite a worrying thought for our masters.
4. sold 2 rent 1 said...
"more people are beginning to understand concepts like fiat monetary systems and fiddled inflation figures"
Yes. A new level of "ethics" consciousness Ian Xel Lungold would say.