Check out the following story:
=> Britain's housing market reignited
It would seem the near-zero percent interest rates and quantitative easing are finally starting to reflate the bubble of debt that got us all into this mess in the first place.
So Gordon in Downing Street will be overjoyed by this news.
Alas, the property market still has a long way to go down yet, and although nominal prices may remain steady or even increase, due to the sheer volume of currency being created, this re-inflation of the bubble will be temporary.
After having re-inflated one bubble after another for almost 30 years, the politicians have now gone a bubble too far. There is no expanding this one. The wolf is at the door, he needs feeding, and he will not be put off again.
This 'correction' still has some way to go.
Anyone for bonds or commercial property?
4 comments:
"this re-inflation of the bubble will be temporary"
Just so long as its not enough to get "le twat" and his chums re-elected .....
Precisement, Monsieur! ;-)
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