Oh dear. Don't panic!
The IMF has just predicted that UK house prices will fall 10% in the next year (following Halifax's prediction of a 5% fall, yesterday). However, Alastair Darling, the UK government's Caporegime, has just claimed that all is still well with the British economy.
Well Alastair, you may be fooling an ever-decreasing portion of the supine British electorate, but I would just love to be a fly on the wall in Downing Street at the moment. I bet the words Panic and Brown Trousers don't cover the half of it.
AngloAustria's solution? Stop the printing press. Burn the rulebook. And let the market decide.
So what will the Downing Street morons do? They're going to run the printing press faster, come up with another 1,000 pages of financial regulation nobody understands, and then blame it all on the market when this "solution" makes things even worse.
And so down the rabbit hole we continue to go...