Which of us is right or wrong about tomorrow? Well again I haven’t got a clue, and nor has anyone else, we will all just have to wait and see. It is sometimes interesting, often fun and then again often also frustrating to hear the vision of tomorrow, but it is all just forum debate, we simply just don’t know.
So true, however I believe one thing. Slashing interest rates and QE is all about sowing the seeds for the next boom. It’s going to take a long time – 7 – 10 years?, but eventually the good times will return and the ‘balloon’ will once again get over-inflated and burst. I predict that in 7 years time buyers, will be fighting over each other again! We all have short memories.
That’s what economics is all about.