Posted Mar 17, 2008, 3:33 PM
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Registered User
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Join Date: Aug 2006
Posts: 247
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I am not concerned about this because we face a more important problem: The US economy is in recession - the worst since WW2 according to Alan Greesnpan - and it may well take years for the banking and property sector, especially in NYC and London, to recover. In other words we won't see much activity anyway.
The outlook for the skyscrapers community in London is abyssal, really. Even at British Land and Canary Wharf people are getting extremely nervous with shares down 60% in a year and more to follow.
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