Monday, Dec 17, 2007
Bank of England's Bulletin Makes Genius Comparison
BBC 'News': Fix-rate mortgages 'face squeeze'
"About 8% of all mortgage holders said they were having problems repaying, amounting to roughly one million people.
But that was half the percentage seen back in 1991 in the depths of the then housing recession."
Oh so that's okay. Comparing data from today, when everything is apparently dandy, to the data from the lows of the last housing crash is perfectly rational science in the same way that that comparing the cockpit instrumentation of flight 11 just before it slammed into the WTC would have yeilded equally optimistic data when compared to the intrumentation of flight 175 at the point when it was passing the lift shafts inside the WTC.
Posted by lukeskywalker @ 05:43 PM (123 views) Add Comment
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