Property suddenly worth more

I bet the recent sub-prime fallout, which Mickey Canute does not believe exists and has done its dash, is causing more than a few would be investors to seriously eye the relatively stable property market. Most could be rightly suspicious of just how secure banks really are when the pressure goes on.

Once again, property may be the best long term vehicle to make a few dollars, after all I believe her indoors at the top has more than a few to keep her in contact with the great unwashed through being a landlord - maybe she knows something we are not privy to.

Would be King Canute might do well to have a talk to this colleague as she continues to spout forth as below.

She said a loss of confidence in the finance industry could spread to larger, more reputable firms

I agree with her, this saga has not finished, it is highly apparent that these firms rely on new investment flows to support their pyramid like schemes. I thought that was illegal, but if this govenment says it is OK it must be legal...

HT: WhaleOil for King Canute