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Even More Reasons Why The Bounce Was An Illusion

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Reasons to be pessimistic.

I doubt if they do but does anyone know if the banks let it be known how many customers they have in arrears?

The ticking time bomb gets louder by the day, sentiment has gone back down the toilet as is evidenced by the less frequent bull rantings; they know it's game over now.

As bond yields have to increase to maintain borrowing in the face of no (or a piss poor) fiscal adjustment plan interest rates will soar followed closely by repossessions; forced sales; catastrophic (depending on your point of view) house price falls. This reset could have been so much shorter if we had taken our medicine and let a few more of the banks go.

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Another week, another array of conflicting signs in the housing market, leaving us none the wiser as to whether the recovery has really begun or if we will bump along the bottom for some time yet.

Interestingly skewed options.

What about option c: That we may still be in the early stages of the crash?

Edit: Nice bear food apart from that small quibble.

Edited by Selling up

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Interestingly skewed options.

What about option c: That we may still be in the early stages of the crash?

Edit: Nice bear food apart from that small quibble.

Whoops, missed that in my eagerness to get to the bear food.

I agree, we've only just begun....to crash.

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