Sunday, November 18, 2007

The only way is down

This weekend four stories led the UK papers:

  1. The depth of the sub-prime mortgage crisis
  2. Hyper-inflation of web 2.0 valuations
  3. 'Insane' prices in a contemporary art market being driven through the roof by dealers buying the work of their own artists.
  4. The celebration of Israel in the English press albeit only as a result of their soccer team doing England a favor.
It all adds up to a recession so it's time to get smart, seek out value over hype, and look for every opportunity to tidy the house for the ride. Good luck everyone

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