MoneyWeek roundup: Why house prices have to keep falling

James McKeigue highlights the week's best pieces from the MoneyWeek team, including: why house prices must fall further; profit from internet traffic control; and the zombie banks killing the economy.

With the euro crisis taking a well-deserved summer break from the business pages markets enjoyed another optimistic week. The FTSE100 is back up near 12-month highs.

But there's plenty wrong under the surface, says Phil Oakley. The most serious problem is inflated house prices: "High house prices, far from being a good thing, are stopping the economy from getting back on track. They suck money away from wealth-creating projects. They increase the cost of living, and make the UK an expensive place to do business."

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.