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!
Credit squeeze piles on the pain
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.”
Posted by stevie dee @ 04:11 AM (424 views)
One thought on “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!”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
happyrenterz says:
The article is about commercial property but lets hope the same happens to private sector. If you can’t get the whole FT article there are a few more details here http://ftalphaville.ft.com/blog/2007/12/04/9341/old-shadow-looms-over-uk-property-funds/