Thursday, September 10, 2009

The dominatrix speaks and more

House prices could fall another 25% - Whitney

started the day feeling bullish but finding it difficult to sustain. From a lower peak and far less personal debt levels relative to both income and GPD US house prices have fallen >25%. MW sees another 25% to go once the efforts to support the mortgage market are withdrawn begining oct apparently. Here in the uk the efforts to support the mortgage maket are far less open and actually the negative aspects of HP's are far less discussed than, British prurience about their own base envy and greed at its best. I've been banging on about the lack of repossesions and the lack of sales once properties are repossesed, the ultimate QE killing our HPC for now. this is true in both the domestic and commercial mortgage market. MW still bullish on GS, but that's about

Posted by bellwether @ 11:11 PM (894 views)
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One thought on “The dominatrix speaks and more

  • gone-to-colombia says:

    I could not agree more.
    ……..and what happens in the US is likely to happen in the UK.
    Could it be that they are just a year or so ahead of us in the curve down.
    TC, good video in my view completely right.

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