Wednesday, August 29, 2007
Relentless denial persists at the Times
The Times analyst Gabrial Rozenberg tries to convince himself and everyone else too that the UK market isn't headed for a crash like the USA because "Britain’s market will be cushioned by supply conditions" which are tighter than in the US, apparently. Ireland's definitely going to crash he notes at the end of the article - but the UK's doing just fine!!! Yep, no HPC in Britain! Nothing to see here, move along now... Funny the way everyone is trying to find some reason why the housing boom in their country is going to be the exception to the worldwide credit crunch.