French Property (2)
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We were all sitting there in late October last year, staring at our TV and Computer screens and seeing report after report of bad news coming out of the International Banking and Property sectors. The sub-prime mortgage balloon had burst and brought major chaos in the financial markets, firstly in the US, and then rapidly followed by similar collapses in the UK, Germany and the Far East. Bad news seems to breed bad news, even if there is little linkage between each reported event, and the mainstream popular media in particular feeds and thrives on it.