F. T. : ' Uk Housing Market Balanced On Knife-edge'

[Realistbear]

http://www.ft.com/cms/s/0/35ac5d60-ec68-11...?nclick_check=1

UK housing market balanced on knife-edge

By Peter Thal Larsen, Banking Editor

Published: March 7 2008 17:09 | Last updated: March 7 2008 17:09

Ever since the global credit squeeze started last summer, investors and economists have been predicting Britain will be next to suffer a US-style housing slump. But so far, the impact on the banks seems to have been minimal.

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However, some analysts are sceptical. They point out that the British housing market has only just begun to feel the pinch, and that problems will take time to come through. They also argue that falling house prices could trigger a downward spiral that would potentially leave banks facing greater losses than in the early 1990s recession.

Grim prospects going into Spring.

[Errol]

Good to see one journalist writing some sense. The crisis has hardly even begun.

[The Masked Tulip]

Did you have a nice time at the beach RB? Did you take these snaps?

http://www.newsoftheworld.co.uk/slidecente...ges/loos000.htm

[Moo]

http://www.newsoftheworld.co.uk/slidecente...ges/loos000.htm

Funny looking things, these modern toilets.

[BandWagon]

Good to see one journalist writing some sense. The crisis has hardly even begun.

The FT has a few journalists who have been bang-on the crisis, Gillian Tett and Wolfgang Munchau to name a couple...

[DoctorJ]

Its getting frustrating now. The US didn't need a global financial meltdown to cause a HPC, so why do we? This is all taking too long somethings propping this comatose donkey up :angry: