Monday, April 23, 2007

Crash Or No Crash?

Time to make hay while sun shines on the markets

How significant is the fact that sterling has breached $2? The last two times it happened - during the crisis over the ERM in 1992 and in 1981 - it was followed by a painful recession. That looks unlikely this time.

Posted by nearly30 @ 02:04 PM (712 views)
Please complete the required fields.



6 thoughts on “Crash Or No Crash?

  • dohousescrashinthewoods says:

    Funny, a month ago the media was cautious, but broadly optimistic. Doom seems to be gathering pace.
    Does anyone else think the rays of sunshine are receding fast?

    Reply
    Please complete the required fields.



  • I think becuse people are finally working out that it’s this bad and we’ve (they think) not really had a massive increase in rates. people are stretching themselves to get on the housing ladder, and some are falling off. and inflation is still on the increase!!

    looking ahead, the only news is bad news.

    Reply
    Please complete the required fields.



  • Whiteknight says:

    Laughable article.

    Dumb in almost every respect.

    Absolutely right about one thing though. It wont be a painful recession. It will be a suicidal depression.

    Reply
    Please complete the required fields.



  • As London (and the UK) is currently viewed in some less salubrious quarters as the best place in the world to launder money especially via Private Equity Schemes and Property the pound may well be propped up for some time yet while the money continues to pour in.

    Reply
    Please complete the required fields.



  • dhcitw – glorious sunshine has been missing for some time now. Receding? Shrivelled in a corner more like.

    Reply
    Please complete the required fields.



  • London IS the best place in the world to launder money. Boris Yeltsin (who died today), Roman Abramovich (the richest oligarch/russian mafia), Victor Bout (a russian who is the world’s richest arms dealer) and many more all praised our banking system. It says a lot for us when the world’s most dangerous people say we are dodgy!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>