You've got to hand it to Capital Economics, they really grasp the principle that if you predict something for long enough it's bound to happen. It's probably little comfort to anybody who took their predictions at face value during the last five years and put their own money in the position of CE's mouth... that could have turned out an expensive spread bet. Few would argue, though, that now's the time of the bear, and CE continue to ensure there's no bigger bear than them. They've cut there 2008/2009 forecasts... and are now expecting a fall in house prices of 8% in 2008 and 10% in 2009. More here.

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