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libspero

Shiff - On Market Watch

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UK was 17 months behind, but will begin to catch up fast

I think people will be astonished how quickly the turn around will be hear. We have been defying gravity for a long while so when (now) this pops it will collapse in a heap.

In the last crash people talk about the market turning very quickly due to the governments decision on MIRAS. People go to great lengths to explain this to me as the reason why things wont change unless there is a similar economic shock that is not on the horizon, anyway the government would never allow house prices to fall. Well it has not been on their horizon until today, if this finally gets any coverage on normal news, so far the silence has been very conspicuous.

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