Jun 23, 2005

The economic prediction

With my background in economics, I find The Economist predictions are usually right on spot. It's the only print magazine I read - if you don't, my advice is to get one and try to get hooked up. Oh, the current online edition is always free.

Still, the today's subject is not how good TE is, but what is it saying. And it's predicting a bubble
is about to burst on the housing market.

The worldwide rise in house prices is the biggest bubble in history. Prepare for the economic pain when it pops.

Soaring house prices have given a huge boost to the world economy. What happens when they drop?

In many countries the stockmarket bubble has been replaced by a property-price bubble. Sooner or later it will burst, says Pam Woodall, our economics editor.

You have been warned...

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