11 June 09 - 16:29Recession over? Rubbish!
A lot of interesting stories coming up today, showing the continuing turmoil in the financial world.Edmund Conway in the Telegraph claims the recession is over, which is about as outrageously optimistic as you can get.
Much of this unfounded optimism seems focused on the fact that the property market has seen a positive bounce over this spring - mortgage lending is up, buyer enquiries are up, and the DCLG reported a 1.1% rise in house prices over April.
The problem is, spring has always been prime home buying time, so to extrapolate this into some ... (more)
