Monday, December 28, 2009
FT’s Norma Cohen in lying headline
Norma Cohen must have a vested interest in talking up the housing market. What a lying misleading headline. Mortage approvals of around 40k pale into insigificance next to the kind 200k plus seen from 2004. June 2006 saw 211k for example. what the headline perhaps should have reported if the FT were interested in accuracy would be something like:" mortgage numbers still 80-90% down on peak.