Mr Armageddon: No Armageddon

If you can be bothered, John Adams has returned to declare there’s no armageddon imminent:

I remain bearish property and even more so now that Mr Argmageddon is not:

  • high unemployment;
  • permanently lower migration;
  • plunging rents, and
  • bank tightening.

I see no end to any of these at this stage.

David Llewellyn-Smith

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