Friday, March 24, 2006 

YahooFinance: Calverley hints at bubble and squeak as housing market hits all-time high AFTER Bill Jamieson reported on Tuesday how the Edinburgh property market is still merrily booming, and Gordon Brown gave a boost to property investment on Wednesday, along came a man with a big bucket of cold water to throw on Bill, Gordon, and all you. John Calverley, chief economist and strategist at American Express Bank, gave the RBS (LSE: RBS.L - news) annual economics lecture. He is an expert on "bubbles" - when the price of something inflates way above realistic levels and then bursts, leaving people who bought in at the wrong time a lot poorer.
posted by Johnny  @ 1:02 PM 4 comments

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