Friday, December 7, 2007
When it comes to the crunch
Another interesting article by Larry Elliot. I like his comment "The speculative buying has dried up, activity has fallen sharply and the cost of homes has started to fall. Only in the Alice in Wonderland world that is modern Britain could this be deemed a bad thing." And he hits the nail on the head with the next bit... "The problem, though, is without oodles of speculation, be it in the Square Mile or in the massively overblown housing market, there is not an awful lot left of Britain's so-called miracle economy. "