Monday, September 4, 2006
Luckily we can see through this propaganda but I pity those that can’t!
As an international market, global events have clearly affected London central, but they have created only small term variances to long-term trend growth. The result has been sustainable growth with minor corrections happening along the way. As an investment market, there is an added control mechanism. If the market overheats periodically, yields reduce and investor activity cools off. Growth over the last eight years has been an average of 8.5% per annum compared with a 20 year trend of 9.5%.