Wednesday, November 2, 2011

Sinking feeling

Rich world 'pessimistic' but developing world 'upbeat'

The headline says it all. With the possible exception of London, estate agents are going to have a tough time selling property in a stagnating economy with widespread economic pessimism. Unfortunately, this article seems consistent with the theory that we may be looking at a slow death for the property market over the next decade or so rather than a crash.

Posted by quiet guy @ 08:43 AM (1055 views)
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One thought on “Sinking feeling

  • general congreve says:

    The dog and pony show will trip up a lot sooner than a decade, 2012 to 2014 at the latest by my reckoning, the debt ponzi is on the brink, full credit to Greece/Super Lehman.

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