Friday 9 January 2009

 

The latest culture as recommended by our staff

Peter Hoskin

Pete suggests


I buy, you sell

Friday, 15th February 2008

Tim Worstall has a funny take down of Polly Toynbee's grasp of markets: 

She’s really not got this markets thing, has she?

A story headlined "Homeowners looking to sell" said "Non-dom foreigners living in the UK are preparing to sell their homes", quoting Knight Frank estate agency saying it "could lead to an exodus". But further on, another agent, Chesterton, reports "a record few months" in Knightsbridge.

Umm, if there are a few months of record purchases, this really rather has to mean that there are a few months of record sales. A rise in the number of people selling their homes is in fact entirely consistent with a rise in the number of people, umm, selling their homes so as to leave the country.

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