I think it has sucked since the summer because the best, i.e. most stubborn, bulls (Europa, Casual Observer et al) have jumped ship because they finally saw that we were going to see MoM falls in house prices and they couldn’t take the beating from the bears without being able to say “Yeah but house prices are increasing”. Now it’s basically full of bears licking each other balls about how right they were, and that doesn’t make interesting reading for a long term lurker such as myself.
I really wish I could argue with you lot like they did but the fact that I haven’t got a clue what I’m talking about most of the time would be as transparent as the “independent” Bank of England.
So I say bring on the IR drops, it makes my day at work go a lot faster when there is emotion on this site.