The days are getting shorter and the house-price forecasts are dropping faster than the last of the autumn leaves. Forecasts of a price crash, which began life as a minority view, are now banging in the middle of the mainstream.
(41) ______.
One of the most aggressive interest-rate forecasts is from John O’Sullivan at Dresdner Kleinwort Wasserstein. He expects the Bank of England to cut the base rate to 40% by the end of next year in efforts to limit the house-price drop to 5%.
(42) ______. But these things can change rapidly.
The shift in rate expectations, particularly among City econ0mists, has been dramatic, and it is reflected in the currency markets. (43) ______.
The other impact of housing will be on firms, particularly retailers. The Bank has been working hard to try to prove that housing and consumer spending have "decoupled", because the final two years of the boom in house prices coincided with a softening of spen
The days are getting shorter and the house-price forecasts are dropping faster than the last of the autumn leaves. Forecasts of a price crash, which began life as a minority view, are now banging in the middle of the mainstream.
(41) ______.
One of the most aggressive interest-rate forecasts is from John O’Sullivan at Dresdner Kleinwort Wasserstein. He expects the Bank of England to cut the base rate to 40% by the end of next year in efforts to limit the house-price drop to 5%.
(42) ______. But these things can change rapidly.
The shift in rate expectations, particularly among City econ0mists, has been dramatic, and it is reflected in the currency markets. (43) ______.
The other impact of housing will be on firms, particularly retailers. The Bank has been working hard to try to prove that housing and consumer spending have "decoupled", because the final two years of the boom in house prices coincided with a softening of spen
W: These summer days are getting to be more than I can take. It was even too hot to go to the pool yesterday.
M: Hold on. According to the weather report we should have some relief by the end of the week.
W: The weather report can never be relied on.
M: What are you busy with these days
F: I’m learning how to use a computer.
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