Tuesday, December 4, 2007
A question: Did they honestly not see this coming? As these Bankers & Financiers were selling this crap in the first place. 1989! more like 1929!
Martin Allen, analyst at Morgan Stanley, said: “We believe the sharp fall in confidence in the UK property market to levels only last seen in 1990 supports our view that the current downturn is more like 1989 than 1998.”