Thursday, September 30, 2010

IMF warned of abrupt UK Housing Crash in 2003!

Seeking an old posting in the archives of my blog Ironies in September 2003 to link from the posting beneath this, I came across this fascinating posting published on 18th September 2003 which I just had to repeat in full here today: +++++

Thursday, September 18, 2003

UK Housing Crash warns IMF According to the IMF as reported in The Independent Tony Blair would do better to stay home this weekend and worry about the economy in what is supposed to be 'his country' IMF sounds alert over housing crash The IMF said soaring housing markets posed a threat in the UK, US, Australia, Ireland and the Netherlands, warning that "the risk of an abrupt unwinding cannot yet be ruled out".

posted by Martin at 9/18/2003 11:09:00 PM +++++ Well folks seven years, yes that is correct a full seven years on it looks as though "an abrupt unwinding" is what we are about to get.

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