Wednesday, Dec 16, 2009

Things are going to get nasty!

MoneyWeek: What housebuilders' share prices say about the property market

Housebuilders' share prices - and several other leading indicators - suggest that Britain's housing rally is petering out. The next leg down is just around the corner. And things are going to get nasty!

Posted by damien @ 11:32 AM (1484 views)
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1. alan said...

Nothing doing, really!

The main point seems to be related to low Interest Rates. Dominic is wishing the rates up...but they won't budge.

NuLab will keep them low till the election and leave the Tories with the problem of when to raise them and by how much. Dave also gets the sad job of arranging the cuts. By the time Dave arrives at No.10 the SWP will have their placards printed up with "Hands off the Public Sector you Tory Toffs". Predictable?

Not many folk are getting useful pay rises. Can't see inflation going up by much more than 1% before the election, either. Unless the oil price doubles, of course!

Wednesday, December 16, 2009 06:10PM Report Comment

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