Only higher rates will ease property prices

Jefferies would have done better on this occasion to have taken that narrow view. It would then have noticed that there is little talk in New York at present of a "tapering" of "quantitative easing" (translation: slightly less negligent monetary policies). The latest economic data has been poor. Interest rates will stay ultra-low.

via Business feed http://www.scmp.com/business/article/1338249/only-higher-rates-will-ease-property-prices