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House Price Crash Forum

Busting A New One


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HOLA441
One thing I should mention here:

You inflationists will see the coming period (slowdown in the decline in house prices and GDP, plus a bounce in sentiment) as being proved right - you (and the BTL community - what's left of it) will be wrong - it will only be temporary relief. This is only the first wave.

... and indeed, here we are.

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_45839525_house_prices_29_may09.jpg

http://news.bbc.co.uk/1/hi/business/8074014.stm

Gross domestic product (GDP) declined by an annual rate of 5.7% in the first quarter, less than the 6.1% that had been estimated in April.

It also turned out that corporate profits after taxes had risen by 1.1% over the period.

This is the first time corporate profits had risen for a year.

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HOLA442

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