Sunday, Aug 13, 2006

Drip, drip, drip - mainstream press is turning bearish

Daily Telegraph: Word on the street

There are 2 sections - ignore the first, all about Russians buying up posh places, although he does finish this bit by commenting that it will have no impact on house price stats. The interesting bit is the lower section, after the bullet point, about the interest rate rise. At the end he concludes, "The message is quite clear: prices cannot be allowed to keep rising at their current rate of more than 5 per cent a year or the chances of a crash will multiply." Like Fionnuala Earnley at Nationwide, I think Conway is another economist employed by a VI who is just aching to throw off the bull outfit and show his true bear colours...

Posted by bidin'matime @ 10:18 AM (476 views)
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1. paul said...

"This is likely to be a testing time for the housing market, but we will most probably know whether it has successfully avoided a crash within a year or so."

Ahh, but haven't we already acheived the "soft landing"? Hmmm.

Sunday, August 13, 2006 02:51PM Report Comment
 

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