Just a reminder from Alice's powerful Picasa presentation on house price trends (see also her Youtube version - top of sidebar).Advisers and analysts who haven't been in the game long enough to yellow their teeth, may be emotionally unprepared for severe and enduring reversals of fortune.
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Remember that if the trend line is properly defined, you have to spend roughly as much time below it as above it.
And the implication is?
Things will get worse before they get much worse.
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