Thursday, July 22, 2010
Property prices only going up was delusional
Interesting on the economy as a whole.... forward to 26 minutes... Neil Ferguson talks how we should be cured of our addiction to asset price inflation, given we have had two property crashes in the last 20 years...(let's make that 3 for 2011 shall we). He interestingly blames the crisis on total ignorance of people's awareness of historical economic events.... he refers to the current situation as scary and dangerous!!