Archived posting to the Leica Users Group, 2013/02/24

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Subject: [Leica] Spain's Economic Collapse
From: alal at poly.edu (Akhil Lal)
Date: Sun, 24 Feb 2013 17:07:13 -0500
References: <CAF8hL-F3fmcTi6UUAUvvvN6T-ffzPnZq4vfuUhdYvH227tUBUw@mail.gmail.com> <CAH1UNJ0q2=rU2_TfKDSTQGZdEVxq53yDKHw+ku2ZHCE-vCY42A@mail.gmail.com> <79F253CE-0C47-47E7-B141-11E4CCA79142@gmail.com> <50FD04AC-45B6-4AC3-AE0D-EBEF437E569D@gmail.com> <003d01ce12b4$abd04750$0370d5f0$@poly.edu> <33B273CA-144D-4A18-91EE-9B23FE9850DB@gmail.com>

Well, I'm not a golf fan, so have my eyes on property in another distressed 
European country, one farther South with lots of sun and nice Mediterranean 
beaches :-). Good time to go fishing in distressed property markets, I agree.

BTW  it would be surprising - debt restructuring  or not - if the Irish 
economy improves while austerity measures are still in place.

-----Original Message-----
From: lug-bounces+alal=poly.edu at leica-users.org 
[mailto:lug-bounces+alal=poly.edu at leica-users.org] On Behalf Of Jayanand 
Govindaraj
Sent: 24 February 2013 12:38
To: Leica Users Group
Subject: Re: [Leica] Spain's Economic Collapse

Their debt has just been drastically restructured which will take a lot of 
the debt-service strain off the country's finances. Wait for a year or two. 
IMHO, a good time to start looking at investments there, especially rentable 
property around the legendary golf courses.
Cheers
Jayanand

Sent from my iPad

On 24-Feb-2013, at 11:00 PM, "Akhil Lal" <alal at poly.edu> wrote:

> Just curious, normalcy in what way?
> 
> Unemployment is still around 14.5%, with virtually no GDP growth. 
> 
> -----Original Message-----
> From: lug-bounces+alal=poly.edu at leica-users.org 
> [mailto:lug-bounces+alal=poly.edu at leica-users.org] On Behalf Of 
> Jayanand Govindaraj
> Sent: 24 February 2013 11:52
> To: Leica Users Group
> Subject: Re: [Leica] Spain's Economic Collapse
> 
> Italy is already in this state. The only one inching back to normalcy is 
> Ireland, whose debt has been surreptitiously monetized through the back 
> door by the EU.
> Cheers
> Jayanand
> 
> Sent from my iPad
> 
> On 24-Feb-2013, at 9:25 PM, Lluis Ripoll <lluisripollquerol at gmail.com> 
> wrote:
> 
>> or maybe Italy?
>> 
>> Cheers
>> Lluis 
>> 
>> 
>> 
>> El 24/02/2013, a las 16:42, Jayanand Govindaraj escribi?:
>> 
>>> IMHO, next in line is France.
>>> Cheers
>>> Jayanand
>>> 
>>> On Sun, Feb 24, 2013 at 3:42 PM, Richard Man <richard at 
>>> richardmanphoto.com>wrote:
>>> 
>>>>> From the New Yorker. Any thoughts from Nathan, Lluis etc.?
>>>> 
>>>> <
>>>> 
>>>> http://www.newyorker.com/online/blogs/photobooth/2013/02/slide-show-simon-norfolk-photos-of-spains-economic-collapse.html
>>>> 
>>>> Hmm... I guess Chinese construction workers worked at some of the 
>>>> facility?
>>>> One picture has Chinese graffiti on the wall...
>>>> 
>>>> 
>>>> --
>>>> // richard <http://www.richardmanphoto.com>
> 
> 
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Replies: Reply from don.dory at gmail.com (Don Dory) ([Leica] Spain's Economic Collapse)
In reply to: Message from richard at richardmanphoto.com (Richard Man) ([Leica] Spain's Economic Collapse)
Message from jayanand at gmail.com (Jayanand Govindaraj) ([Leica] Spain's Economic Collapse)
Message from lluisripollquerol at gmail.com (Lluis Ripoll) ([Leica] Spain's Economic Collapse)
Message from jayanand at gmail.com (Jayanand Govindaraj) ([Leica] Spain's Economic Collapse)
Message from alal at poly.edu (Akhil Lal) ([Leica] Spain's Economic Collapse)
Message from jayanand at gmail.com (Jayanand Govindaraj) ([Leica] Spain's Economic Collapse)