Boom but No Bust for Housing, Says Nickell

Daily MailNovember 22, 2007

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Summary


STEPHEN Nickell may inhabit the cloistered world of academia, but the urbane economics guru is no shrinking violet.

Sitting in his spacious rooms at Oxford's Nuffield College, where he is warden, the former Bank of England policy maker is reminiscing about a wild road trip across the Middle East with future Pink Floyd bass player Roger Waters in 1963.

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Boom but No Bust for Housing, Says Nickell

After a dodgy repair job, which he helped pay for by selling his blood, 'the car blew up in Beirut', Nickell recalls.

He and Waters emerged unscathed, fortunately for future generations of homeowners and fans of progressive rock. 'It was nothing serious - though it did make a big bang,' he says laconically.

Some...

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