Monday, March 12, 2007
Interesting and reasoned bull view
A moderately bullish article backed by logic rather than rhetoric. The thesis starts with the premise that a house price to earnings ratio needs to be balanced with interest rates. Note that the chart has started to break out and they cite inflation as the potential trigger for rising interest rates.Well worth a look, whether you are bull or bear as, whether or not you agree with the arguments, it reads ass remarkably balanced. Good starting point for the kind of reasoned discussion most of us are looking for. Let the thinking begin.