Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: maceng2 who wrote (25484)	11/17/2002 5:26:15 PM
From: Moominoid	Read Replies (1) of 74559

If I remember correctly there was 3 million unemployed at one point. And now unemployment is the lowest its been in decades in the UK. Things at Megabank are not looking too hot either... Used to read Alex in "The Independent" and then "Australian Financial Review". I'm lucky I got this job as my alternative plan was trying to break into the finance industry in Sydney.... Mentions property market, how bubbles go pop, and the big mortgage lenders are badly positioned for such a scenario. I haven't owned any property directly or plan to and certainly not in the UK :) Moomin

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