Archived posting to the Leica Users Group, 2008/12/13
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Greg, That is Ireland, a country which had the fastest growth rate in the EU, based on a property bubble that makes the US one look tame (as do other countries like Spain, UK, Australia). They will have to adjust a lot more than you guys, and it will be far more painful. The GBP has just gone under the Euro yesterday - when I was last in the UK, a year ago, it was 1.3 Euro to the pound. BTW, in deflationary circumstances, one of the best investments id cash or cash equivalents, as the value of cash will keep growing! Cheers Jayanand On Sun, Dec 14, 2008 at 2:10 AM, Greg Lorenzo <gregj_lorenzo@hotmail.com>wrote: > > The following article suggests that they might. > > see: > http://www.independent.ie/national-news/fastest-price-tumble-in-40-years-set-to-spark-deflation-1572713.html > > On the other hand it might be a good time to stock the wet bar and cigar > box. > > Greg Lorenzo > Calgary, Canada > > > _________________________________________________________________ > Send e-mail anywhere. No map, no compass. > > http://windowslive.com/Explore/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_anywhere_122008 > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >