After the Global Financial Crisis that seemed to dominate 2007/08 and 2008/09, in 2009/10, the focus has now shifted to shifted to sovereign debt issues. In November last year the concern was that Dubai would default on its debt obligation. The focus then shifted to Greece with worries that contagion would spread to other countries such as Portugal, Ireland, Spain, Italy and Iceland. Read more…
House Prices Again – Is it a bubble or not
May 3rd, 2010I overheard two people talking about their land valuations today – we got them in the post yesterday.
One said to the other that he was surprised to see his land had gone down in value over the year. The other agreed, saying that he had read in the papers forecasts of houses being worth millions of dollars in 20 years, or some such stuff. Read more…