Sunday, November 12, 2006

Nov 12th Bubble News Update

SBPost Nov 12th: Bargains in a buyers’ market
Don't you just love the spin they put on this. This is usual Property section journalism that we all know and hate. All the usual cronies have their say and the best they can do is that now we have bargains....so children run out and start panic buying before the bargains go. Jeez!

Sindo Nov 12th: Stamp duty changes are 'not ruled out'
Bit of a hullabaloo here with the vested interests pressing for change. A slight change may occur, but not much. The govenment would be loathe to interfere - it will only postpone the crash.

Sindo Nov 12th: Just one in 9 can afford house
Exactly my point. Now crash dammit!

Indo Nov 9th: ECB shapes up for zero tolerance of our zero real interest rates
Interesting article. "There is no doubt that its executives, led by President Jean-Claude Trichet, want the ECB to behave like a proper central bank.
And if they succeed, it seems certain that interest rates have further to rise; perhaps a good deal further. We can't have less, but we can have a good deal more. "

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