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.

3 comments:

  1. Anonymous28 August 2008 at 21:04

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

    ReplyDelete
  2. Sackerson28 August 2008 at 21:12

    And the implication is?

    ReplyDelete
  3. Anonymous29 August 2008 at 20:11

    Things will get worse before they get much worse.

    ReplyDelete

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