Monday, Aug 24, 2009
Investors don't tend to kid themselves
Bloomberg: U.K. House Prices to Drop Further 13%, Bond Investors Forecast
You won't find this featured anywhere in the mainstream media this week.
Posted by paul @ 09:42 PM (848 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. quiet guy said...
@paul
I'm not sure that I agree with your title. From where I'm standing, investors appear to be driven by sentiment - just look at positive response by stocks and treasuries to Bernanke's speech on the 21st. Are RBS bond investors any smarter? We've recently had a few months of house price growth and the warm feeling from Bernanke so perhaps this 13% drop is actually the rosy tinted view?
2. new user 2007 said...
"House prices rose for a third month in July, according to Nationwide Building Society, while the Royal Institution of Chartered Surveyors said Aug. 6 that prices will increase this year, reversing an earlier prediction of a drop of as much as 15 percent."
I am wondering how many months worth of "negative" data it took for RICS to make the forecast for a 15% fall, and how many months worth of "positive" data it took for them to do a complete reversal. I suspect it took far fewer months of evidence to revert to "positive".
3. techieman said...
NU2007 - yes they cant work it out can they? To assume they can and give them credibility for ANY forecast is (and call me a cynic) a bit on the naive side.
4. This comment has been removed as it was found to be in breach of our Blog Policies.
5. This comment has been removed as it was found to be in breach of our Blog Policies.