Monday, Feb 18, 2008
There's a Cold Shower Coming
The Times: Basket case Britain must rebuild its credibility
Britons cling to a comforting notion that overpopulated islands with a shortage of land can never suffer a sharp fall in house prices. Such illusions are often at the root of the most extreme asset bubbles.
Posted by quiet guy @ 02:48 AM (412 views) Add Comment
2 Comments
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1. it_is_going_with_a_bang said...
"basing economic growth on unsustainable asset price bubbles was always a recipe for disaster,"
Are you listening Gordon Brown???
2. Letthemfall said...
Well, I thought for one moment that the Times had changed colours, but this is from the Telegraph - good old Ambrose. The comments are interesting: accusing Gordon Brown of socialism, communism, etc. Funny that, given that his policies have transferred wealth from poor to rich. Not so different from the Tories really. It's a funny old world.