ouch, this is the icing on the cake, the pound has been taking a pounding, all these foreign investors are being double-hit in all their investments,
- the pound down 30%
- residential real estate down 30-35% (yes, not the 15% manipulated stats you get)
With prospects for the UK among the worse, due to massive private and public indebtdness, unemployment strongly on the rise, no export no manufacturing, heavy reliance on services (among these a decimated banking sector), it will take a while before foreign investors come back to double up on poor investments.
Well, with Russians and Arabs facing huge problems at home, there is no foreign investor left anyway.
Once the pound has reached parity with the USD and the Euro, and if the UK doesn't end up bailed out by the IMF, maybe there is hope.
By the way, the weather is really really bad. People living here should command a premium for such a constant poor weather. Overcast, rain, overcast, rain, that's all it is.
- the pound down 30%
- residential real estate down 30-35% (yes, not the 15% manipulated stats you get)
With prospects for the UK among the worse, due to massive private and public indebtdness, unemployment strongly on the rise, no export no manufacturing, heavy reliance on services (among these a decimated banking sector), it will take a while before foreign investors come back to double up on poor investments.
Well, with Russians and Arabs facing huge problems at home, there is no foreign investor left anyway.
Once the pound has reached parity with the USD and the Euro, and if the UK doesn't end up bailed out by the IMF, maybe there is hope.
By the way, the weather is really really bad. People living here should command a premium for such a constant poor weather. Overcast, rain, overcast, rain, that's all it is.
