Tuesday, October 2, 2007

U.K. Housing Risk Is `Substantial,’ Morgan Stanley’s Miles Says

U.K. Housing Risk Is `Substantial,' Morgan Stanley's Miles Says

Apologies if this is already posted

Posted by rg @ 09:38 AM (551 views)
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One thought on “U.K. Housing Risk Is `Substantial,’ Morgan Stanley’s Miles Says

  • If it was already posted, the site wouldn’t have allowed you to post it.

    At last someone acknowledging that the risk of a crash is significantly higher than everyone wants to say.

    The deceptive statistic of the day is:

    “London-based research group Hometrack Ltd. said U.K. house prices were unchanged for a second month in September, with London and the southeast of England the only regions to post gains.”

    So London and SE posted gains (of the lowest possible magnitude of 0.1%), and everywhere else was *no change whatsoever*. Hmmmm.

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