28 September 2010

Why there was a housing bubble



This graph from Burning our Money says it all.

Add to which Gordon Brown's wicked - there is no other term for it - and successful determination from the time he became chancellor to destroy the best funded private pensions in Europe and to divert the money to his party's clients in the state bureaucracies, and the reason why people poured every penny they could into bricks and mortar becomes glaringly apparent.

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