Monday, Sep 22, 2008
How we have learned the limits to free markets - the hard way
Telegraph: How we have learned the limits to free markets - the hard way
Perhasp not surprising given last weeks events Roger Bottle looks to have revised his focast for lower uk property prices further in the linked article in the Telegraph today " To me, much the most striking thing about the past week was the near failure of HBOS when the fall of UK house prices has hardly begun. On my reckoning, they have another 25-30pc still to fall. What position will the UK banking system be in when these falls have happened and the economy is performing in accordance with them?"
Posted by chris williams @ 08:28 AM (161 views) Add Comment
1 Comment
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1. str 2007 said...
Yes quite
and what's amazing is they're still offering 90% mortgages.