Thursday, Jan 17, 2008

We all have to grow older so we can value money

Reuters (columnist James Saft ): Recession risk as British bills come due

Many Britons have known only rising property values and low unemployment during their adult lives, and have spent as if this would go on forever.

Posted by acetip @ 01:28 PM (206 views) Add Comment

1 Comment

1. becky said...

I like the bit on page two, namely "The idea that ploughing ever more money into the housing stock is raising the productive capacity of the system is just a joke"

Thursday, January 17, 2008 10:17PM Report Comment
 

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