Sunday, May 14, 2006

Roger Bootle - an apology

Telegraph Online: Housing market on a knife-edge

Roger Bootle's explanation as to why his predicitons for the housing market were wrong, and how he sees the current state of the market

Posted by Nimmmm @ 09:41 AM (640 views)
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3 Comments

1. Ticktock said...

I think that Mr. Bootle does a good job here of accepting that his forcasts were perhaps wrong (with regard to timing) but while making quite clear that none of the problems have actualy gone away. He simply underestimated the effects of cumilative factors that have conspired to prevent a correction in the market (so far).
The bearish pressure is still there, and still growing, with every further rise in prices. If any one of the individual factors that are currently sustaining prices were to be removed, then prices would/will surely tummble. Many of these factors,low IR, low CPI, excess global liquidity ( or free yen!) are unsustainable, and are about to change.
If Mr. Bootle is unable to predict when this will happen, then it seems foolish for any of us to attempt such a prediction either, but I wouldn't be at all surprised to see a strong connection with rising IR's in japan, and falling asset prices everywhere!

Sunday, May 14, 2006 12:36PM Report Comment
 

2. uncle tom said...

Bootle reveals himself here.

There is a worthy degree of humility, but no great depth of intellect.

He got it wrong, and he'll get it wrong again!

Monday, May 15, 2006 12:26AM Report Comment
 

3. Hairy Back said...

wrong wrong wrong right right right

Monday, May 15, 2006 12:48AM Report Comment
 

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