‘The big education for me is that civilisation is fragile and can be destroyed in a heartbeat' - Jeremy Brade, former peacekeeper in Sarajevo.

Thursday, August 28, 2008

A snippet from Alice

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.


Anonymous said...

Remember that if the trend line is properly defined, you have to spend roughly as much time below it as above it.

Sackerson said...

And the implication is?

Anonymous said...

Things will get worse before they get much worse.