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Bullish Bear

The Man And The Bubble

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Of course, the US economy has no affect on the UK! :rolleyes:

Sadly, the UK is full of people who think such a thing and then get slammed when the US catches a cold.

TV News reports here in the UK of a US house bust will have an enormous affect on the UK market. No doubt many Brits with second homes falling in price in the US will also filter through to the mainstream Public.

This is going to be the first global housing crash - stand back, take refreshments and watch!

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Guest muttley

One striking theme within Irrational Exuberance is Shiller’s preoccupation with greed. He writes about the 60-fold rise in gambling in the US since 1962 and suggests that this new-found appetite for risk has spilled over into how people approach investment.

The real estate bubble, he argues, has simply replaced the last stock market bubble as the focus of people’s avarice.

And as poker legend Amarillo Slim Preston puts it "If you sit down at the table and can't spot the sucker,then it's you"

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Well I hope the food had more nutrition than that FT article had... it seems like the journalist had little to do other than to eat & fawn over his pretigious guest... not that the guest had anything to say.

Hmm prices are high & they may fall in some areas..... genious, give the guy a medal.

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...in the US...

actually his book deals with europe and uk too. uk ireland etc actually have average house prices much higher than most parts of US relative to average wage rental yields etc so what he says is even more relevant to this side of the atlantic.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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