Saturday, April 21, 2007
Not current, but relevant
If we go back 2 years to see what the Americans were saying about the state of their own housing market, you'll see that the parrallels are scary. The vested interests were denying a bubble existed and using the same arguments about supply, low interest rates etc. as were hearing now. The independant commentator warning of a slowdown got it spot on. No doubt he was referred to a 'doom monger' too.