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...This is a vivid illustration of the versatility of the economist’s tools, but Krueger used them to make a lasting mark....
...The changes mark a shift in sentiment among those looking to buy London homes as investments after purchases of multimillion-pound homes slowed sharply....
...Fionnuala Earley, chief economist at estate agency Countrywide, said many would struggle to pass on any rate cut....
...“It’s surprisingly easy to get wrong,” says Mark Parkinson, of property finders Middleton Advisors....
...“The economy is now in the deepest recession since the second world war and unemployment is continuing to increase, with the latest data showing that it breached the 2m mark.”...
...Given the continued rise in umemployment and other signs of deep recession, she noted that this was unlikely to mark a reversal of fortunes for housing....
...The latest drop marks the 11th consecutive monthly fall in house prices, but economists at Nationwide took comfort from the fact that the rate at which prices are falling appears no greater than that in...
.... • Maximising the effect of the Homecoming series of events, which will mark next year’s 250th anniversary of the birth of Robert Burns, to acknowledge the importance of tourism. • Finding ways of improving...
...Some put the “danger zone” at around the 7.5-8 per cent mark, which even the most pessimistic would find unlikely....
...Fionnuala Earley, Nationwide’s group economist, said: “In the housing market the current background suggests that the market will continue to cool in a contained fashion, but it will be some time before...
...Nationwide has forecast that house prices on a national level are set to only rise 2 per cent over the course of 2005, which would mark the lowest inflation rate for a decade....
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