I read an article last year saying that the UK was closer to a burst of the real estate bubble than the US. Just goes to show that predicting is a mug's game.
But at least they were acknowledging the existence of the bubble, which many have been in consistent denial about.
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Here's what Paul Craig Roberts recently wrote on the matter.
Popping financial bubbles A.M.M.G.A.B.R.O., yatta-yatta, you know the drill.
Here my new HP Ipaq comes quite handy: It's got a game on it where you've got to pop as many bubbles with the stylus as fast as you can.
Highly recommended for shareholders.
Pop pop pop.........................
(My comments aren't getting silly, no?)
Actually, it's not "Pop".
As I recall, the game's name is "Pang!".
And it was a huge arcade commercial success. Goes to show you there's money to be made popping bubbles...
But watch that you don't catch one of them bubbles on your head or it's Game Over!
Silly? Nooooooo. This is actually a deeply metaphysical symbolic discussion in bubbles. :-D
Real estate always makes me go a big rubbery one.
You already said it in this thread's second comment! Or don't you remember?
Maybe he felt the message hadn't got through. :)
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