John Calverley was an English Anglican priest in the 16th-century.[1] (wikipedia)
My sense is that the U.K. market is two or three years ahead of the U.S. market.
In these markets there is a herd instinct where people rush out to buy but then as soon as people think differently suddenly there are no buyers.
They are really waiting to see how the economy will perform this year before raising rates,
There was a view that prices would keep going up forever.
It was rising at a 20 percent annual rate and then suddenly stopped in its tracks, ... Bubbles and How to Survive Them.
