Friday, January 25, 2008

2 million Britons have two homes.

2 million Britons have two homes BUT property crash might put many in jeopardy

Plus some strange / crap forecast by Capital Economics, namely "But the most pessimistic forecast, from Capital Economics, expects a fall of 5 per cent this year followed by an 8 per cent fall in 2009." WTF "most pessimistic" ??? ONLY a fall of 5 % ??? WTF are they joking that it will ONLY be 5 % this year! More like 15 to 25 %!

Posted by ukuser1 @ 02:26 AM (687 views)
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2 thoughts on “2 million Britons have two homes.

  • Agreed.

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  • Capital Economics have been the beas in this market for quite sometime – Roger Bootle’s 20% fall predicted in 2004 (I think!). The trouble is he didnt exactly keep it to himself and was – as ever – made to look foolish by the press (and therefore lost credibility with the public – even though timing the market is a very difficult. Now they have been “burnt” so are being cautious on the downside. However in markets when the last bear becomes a bull then thats it! Perhaps RB qualified as that last bear. Keynes quote springs to mind – “the market can stay irrational longer than you can stay solvent”. Of course now they predict a fall – i think it was a 3% prediction last month, – if its not big enough Roger the Dodger will be called to account again! “Its SO unfair” – said Kevin the Economist!

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