A month ago I wrote, rather unoriginally, that Recession is a-Coming, and mused on the prospects for property prices. Lots of people pitched in BTL: well, it's a subject that affects most of us, one way or the other (or both). Some even wondered if property might be counter-cyclical ...
Yesterday I met with an old friend, a solicitor who's semi retired. His staple line of business these days is advising employees on settlement agreements (formerly 'compromise agreements') which when you think about it is a nice speciality: you get paid for by the firm that is making your client redundant, so credit risk is almost zero. And I rather imagine the content of said agreements and the issues they address are fairly standard, too.
Anyhow, for quite a while now his average throughput has been a congenial 2 or 3 agreements a week.
Last week he was sent 82 (eighty two) ... I believe this is what is called a leading indicator.