Wednesday, October 17, 2007

The IMF are worried!!

IMF: Britain at risk of US-style house price crash

Britain risks the prospect of a US-style crash in its house prices as the credit crunch in the financial markets takes its toll of a heavily over-valued property market, the International Monetary Fund warned today

Posted by crutchley @ 03:54 PM (958 views)
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2 thoughts on “The IMF are worried!!

  • But, but … last year the IMF said Britain had a “less than 5% chance of a housing crash” …

    (or is this “economists” just lazily making it up as they go along rather than bothering with any actual forecasting?)

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  • crash bandicoot says:

    So we have no subprime in the UK then. What’s the chances that it is “unforseen” that lending people 8x their salary on a self cert is a subprime loan?

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