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While I agree with much of what he says (despite working in derivatives), and while I realise the message is what should be addressed, and not the messenger, I
by esja 18y ago
While I agree with much of what he says (despite working in derivatives), and while I realise the message is what should be addressed, and not the messenger, I think it's worth noting that Will Hutton's wife profited very nicely from the debt explosion here in the UK, as part owner of a company called First Premise, a buy-to-let landlord, and that this may be why his increasingly shrill rants never place any blame on the greedy "man on the street" who was only too happy to sign up for a fraudulent loan and thereby contribute to this mess.
For the last ten or more years of my life (in Australia and the UK), I've been living in a strange world where every single social conversation eventually converges on property prices, property investment, buy to let, negative gearing, renovations, decking, auctions... I'm willing to suffer some hard times if it means all of that will disappear and we can go back to being normal humans again.
At least until the next bubble. :-(
- michaelneale 18y ago>I've been living in a strange world where every single social conversation eventually converges on property prices Its really tiring isn't it. well it is good that is over, its just the other crap I don't want. But if we can get back to doing stuff rather then speculating, then great.