Brexit Blowback – The Panic Will Start With Property
by Cathal Haughian via BeforeTheCollapse.com,
ZeroHedge.com
Jul 5, 2016
The problem lies mostly with the human tendency to avoid short-term pain…Unless it is accepted that demand must be tied to income growth, and not extra debt, we’re never getting out of this one. The current disconnect between high asset prices, stagnant incomes and increasing, overall debt levels, is both economically and politically unsustainable. And what is the ultimate result? Brexit politically and economically there is no housing market for our young workers.
The Rest…HERE
