Glass all empty view from FT Columnist
...In the US, the recent budget fiasco had all the signs of an electorate rejecting the fact of hard times by blaming those in charge. And while the recent riots in the UK were criminal in character, riots always are. The question is what triggers them.
This is of course a glass-all-empty view, and therefore doubtless unreliable. But it seems to be the view of investors right now. And to coin a phrase, you can’t buck the market.
"Not foreseen" ....by the FT of course, I have files full of posts to the FT Forums covering much of 2002 and 2003, arguing the exact opposite.
Labels: The Crash, UK House prices
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