The property crash and the way forward with Andy Panayiotou

[idatomhue]

thelondondailynews, I know The Ability group has borrowed heavily in the past from RBS. Do you know what his exposure is to them now ? As clearly they are in new territory . Like I said in my last posts THIS IS NOT GOING TO BE A NORMAL RECESSION. This is why I questioned his read of the situation. We are moving into very strange times with government intervention where you can not call and predict the market as market forces are being manipulated by governments.

[thelondondailynews]

Just FYI Andy was not in the Rich List this year? Not sure why will find out.

[idatomhue]

I will add more. The logic behind Andy's views of getting back to basics and earnings is sound. Banks should have been looking at that during the bubble build up they were not logical then so I don't see them being sensible now. I see the FED just printing more money diluting the $'s value which will lead to a collapse then it's chaos. This is not going to be a normal recession we are going to see a power shift with the US and UK losing ground.I hope I am wrong.

[idatomhue]

I am not confident in his prediction but I can see where he is coming from.The banks are not lending right now despite sucking up bail out money the big question mark is the US with it,s huge debt that situation is so rotten that the collapse of the $ is on the cards. Should that happen the global implications will be huge. My guess is the FED will just print money under Obama and not knuckle down and get to basics as Andy says. His prediction is based on sense but we are seeing panic.