Sunday, December 9, 2007
Madness to continue???
The most bullish paper in UK has written.....''THE cost of home loans is likely to tumble in the New Year as the major banks prepare to slash their rates. One leading economist predicted last night that interest rates could fall as low as four per cent as the Bank of England responds to fears of a housing crash'' An attempt to stimulate the market, in the face of a threat of a HPC. I get the impression those folks in the BOE [Bank of Brown] don't care about inflation, preserving insane house prices is their aim.