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Northern Rock - Are the general public stupid?
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<blockquote data-quote="guest poster" data-source="post: 433575" data-attributes="member: 262401"><p>Those people who queued up at Northern Rock around the UK could crash the stock market and the property market … If UK property crashed 30% which it could do… (see the state of the US housing market and Spain) those that queued could expect to lose an average of £60,000 off their houses because they panicked …..withdrawing a few thousand each.</p><p>Fine, except that their actions will make us all suffer- we lose because they panicked.. Just like the dot com bubble sheep before the internet was ready….. and so many other times it’s happened before.. Anyone remember 87-88? /2001?/ 1974? 84?</p></blockquote><p></p>
[QUOTE="guest poster, post: 433575, member: 262401"] Those people who queued up at Northern Rock around the UK could crash the stock market and the property market … If UK property crashed 30% which it could do… (see the state of the US housing market and Spain) those that queued could expect to lose an average of £60,000 off their houses because they panicked …..withdrawing a few thousand each. Fine, except that their actions will make us all suffer- we lose because they panicked.. Just like the dot com bubble sheep before the internet was ready….. and so many other times it’s happened before.. Anyone remember 87-88? /2001?/ 1974? 84? [/QUOTE]
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Northern Rock - Are the general public stupid?
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