"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Major Metropolitan Real Estate Will Set The Coming Downward Trend
Submitted by A. Magnus on Wed, 2016-01-27 00:00
"The global house price crash is being led the most important cities in the world and where they are not falling yet, they soon will be. The fault lies directly in the lap of central banks as quantitative easing caused an enormous injection of cash into economies, forcing interest rates to fall the their lowest levels in history. This knee-jerk over-reaction effectively halted price corrections that should have fully unfolded but didn’t and put rocket boosters under house price inflation the world over."
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