So That’s The Problem …
November 19, 2007The Sunday Independent knows.
THE latest theory doing the rounds in some property and banking circles is that London hedge fund boys are having an old fashioned crack at the Mick.
According to the theory, the City boys, sick of Paddy buying up key London landmarks, have seen an opportunity to put the boot in and short Irish bank shares.
Presumably someone, somewhere actually believes this. I’d love to meet them, since they could perhaps give me a comprehensive list of London landmarks that Paddy has bought up.
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Whilst I’m on the subject, here’s a gem of a press release article from the Irish Times in January of this year.
The body that represents the property professions has predicted that residential capital values will increase by a "modest" 4-5 per cent this year after a marked slowdown in the second half of 2006.
Oops.
Here are some more predictions by ‘experts’ with an interest in keeping the property party going.
