From: Ronald Raygun 
Subject: Re: Effects of house crash on economy
Newsgroups: uk.finance
Date: Wed, 14 Apr 2004 19:34:06 GMT

Terry Harper wrote:

> "Mark Carter"  wrote in message
> news:XOafc.30466$h44.4347891@stones.force9.net...
>>
>> Also, as a previous poster pointed out, if house prices fell by 30% (or
>> was it 40%), then they'd still be at 2002 levels. I'm sure this news
>> would be plastered all over the gogglebox, and the Money Programme will
>> tell us all the doom and gloom relating to housing, and what's going to
>> happen to the economy. But would you necessarily expect that this
>> implied that the economy was about to collapse?
> 
> Don't forget that a 50% fall needs a 100% rise to recover. Likewise a 33%
> fall needs a 50% rise to recover.

So your glass is half empty, and Mark's is half full.
Drink up, it's my round.