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Julian Cope presents Head Heritage

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Teetering on the brink of the new Depression
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Re: There's still a bombshell to go off
Sep 20, 2008, 10:53
Aha! Right, I got yer thanks, makes sense, cheers. :)

The price, like the price of anything, is whatever people can/will pay and the easy/silly credit made it balloon, as people could afford more than they should be able to. But as you've explained, the original valuations are arbitrary and don't actually relate directly (in a proper mathematical relationship) to what was happening in the internal credit market. Its a chicken/egg relationship, and now the egg doesnt exist anymore.
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Re: There's still a bombshell to go off (nigelswift)
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