Respected Analyst : House prices 'could drop another 55%' and leave Britain bankrupt

ad44downey

tirano wrote: »

IMF Bailout !

http://www.dailymail.co.uk/news/article-1161317/House-prices-drop-55-leave-Britain-bankrupt.html

more proof, not that it were really needed, that the first Great house price crash of the 21st century is still in its infancy.

Really2

Would that not mean you best buy some assets with you savings as the money will be worth nothing if britain goes bankrupt?

whathavewedone

Nah, that would involve thinking about things/getting involved in debate/explaining his position. He just likes responding with a one line soundbite to every piece of bad news. Don't spoil his fun, he's harmless.

1984ReturnsForReal_2

GREAT BRITAIN

IS

ALREADY BANKRUPT!!!

Really2

1984ReturnsForReal wrote: »

GREAT BRITAIN

IS

ALREADY BANKRUPT!!!

Who are the administrators then!

ad9898_3

It's amazing to think the Mail could print something like this, it's slowly becoming mainstream about the state this country is in, Brown's days are numbered, and those days can't come quick enough.

I'm still amazed to think that the paper has seen fit to mention house prices with a -55% next to it. At least that's some good news, in what is a quite depressing article.

Graham_Devon

Really2 wrote: »

Who are the administrators then!

Mervyn King and his trusty printer.

Really2

Graham_Devon wrote: »

Mervyn King and his trusty printer.

Nice administrators, buying assets off people.

1984ReturnsForReal_2

Really2 wrote: »

Who are the administrators then!

There is no formal Director, the real one, elected by the Shareholders, done a runner in 2007 as Britain went insolvent.
The teaboy has failed to inform the Bank & the creditors. No administrators have been appointed & he is still hoping he can save the day & his own & his ex-bosses reputation!

Really2

There does seem to be a lack of knowledge of what administration is on this board.

Never-mind.