Friday, 11 August 2017

House prices falling, start of another winter of discontent?

Evidently there is a slow down in the housing market, it started in London and is radiating out from there. I am watching Homes under the Hammer as I write this post and cannot get the word recession out of my head. Is the decline in the housing market a sign off something much worse. I am old enough to have lived through four recessions and they all  started from small beginnings. We have  some  inflationary things  in the mix plus a government that has no real majority. The markets get very jittery when things are unstable, add Brexit into the equation and  maybe  the fuse  has be lit. Parliament returns after the summer recess   on September 5th. Jeremy Corbyn and the Labour party will have their attack dogs set to inflict pain upon the weakened Theresa May and her rag tag of buffons. This winter could have the making of another WINTER OF DISCONTENT but with different players. We already have a Bin collection strike in Birmingham and I can remember the 1978 binmen strikes. Then is heralded the new dawn of Conservatism and Margaret Thatcher so maybe we could see the dawn of a new era when people see that Jeremy Corbyn and the Labour Party could be the tonic we have all been waiting for.

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