| Topic: | Re:State of play today | |
| Posted by: | Matteo Castagna | |
| Date/Time: | 27/06/16 16:23:00 |
| You sound very optimistic to me. I am not joking. 0.2% off GDP x 2Q? I would buy that wholeheartedly! Think real estate: Tailor Wimpey (like most of all the builders) is down about 50% in two days (-29.26% Fri and -17.78% now). Do you think it's because housing market will be fantastic? What about all those funny mortgages? What about people relying on houses for their retirement? Do you think they will keep their current spending patterns? And I didn't even start to talk about financial industry: banks? Asset managers? Have a laugh. |