Oxfordite

Greek 10 year yield up to 6.96% now http://markets.ft.com/markets/bonds.asp?ftauth=1260463677683

I did. Shame.

http://news.bbc.co.uk/1/hi/business/8278166.stm This is an accounting swindle to make the figures look good. These so called profits have been from redevelopment of the old Highbury Stadium. I live in it and it's 1/3 full at most. The whole of the north stand that faces the old pitch is completely empty because all the flats, about 70 of them, were purchased between 2 btl companies before the crunch. These companies can't get the funding now and so Arsenal have taken them to court. The companies probably want to pull out and know they will lose their deposits but Arsenal are challenging this.

Bolton has called the bottom every month since July. Best of all he strongly recommended buying banks during June 08.

Unfortunately David Smith of the same paper, who has been a poorer economic forecaster that Kaletsky (i.e. house prices will only go up), has no excuse - he's just incompetent.

It's good fun.

http://www.rightmove.co.uk/viewdetails-108...=1&tr_t=buy

and why does that matter?

You're right. A lot of economists and journalists are predicting 25% fall over 3 or 4 years because 'that's what happened last time'. It's not like the 1990s, its far worse. We have a systemic banking crisis.

If this is correct this programme will be utter joy

Can you give us the link?

Can anyone find a link to this programme?

Thanks. Very useful.

Only accessible to subcribers and chance of a copy?

I think its because the Dow went up on unopposed US Congress approval of Fannie Mae and Freddie Mac intervention yesterday.