A good article in the Daily Mail
I've been a bit critical of newspapers' reporting of research groups' reports recently - either because they accept clearly skewed estimates or they fail to note their obvious agenda. This report about Capital Economics in today's Daily Mail, who have forecast a house price decline and possible collapse, is actually quite good. I was reading it somewhat sceptically, when suddenly this paragraph turned up against my expectations:Capital Economics and Mr Bootle have a history of forecasting property market slowdowns and busts that have failed to materialise. However, the organisation believes economic conditions mean the predictions are more likely to be accurate this time.
Now you might add, 'And so does the Daily Mail', and indeed, 'And so do you, Matt'. But it was refreshing to see some ability to remember the past, something that seems totally lacking in the D.Telegraph's financial and personal finance pages.
Obviously I too think it will be different this time, but if Capital Economics, me and the Daily Mail are all bears it might be time to buy.
Labels: Daily Mail, house prices
posted by Matthew @ 10/09/2007 07:12:00 AM
Comments: 0
