UK, Anno Domini 2010

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TheBigYinJames replied

6 November 2008, 20:58
Originally posted by sappatz View Post

in 2010, you will scrounge for food among the ruins of london s:hitty.

And in fact, that's the London Tourist Board's new slogan.
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sappatz replied

6 November 2008, 20:39
in 2010, you will scrounge for food among the ruins of london s:hitty.
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HairyArsedBloke replied

6 November 2008, 19:41
Originally posted by Viktor View Post

Trouble with UK is that BOE + Gordo + Average Joe English are all obsessed with house prices, and the economy as a whole is so much dependent on house prices. Hence the recent huge drop. People seem to forget that there are no such things as cheap lunch and cheap money (well, not in the long term).

Yes, that is well know. So what do our wonderful leaders do - make money cheaper.
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Viktor replied

6 November 2008, 19:13
Btw Just made some decent do$h on the "ups" and "downs" of the Romanian RON.

Trouble with UK is that BOE + Gordo + Average Joe English are all obsessed with house prices, and the economy as a whole is so much dependent on house prices. Hence the recent huge drop. People seem to forget that there are no such things as cheap lunch and cheap money (well, not in the long term).

I am not a fan of my home country economics (I live abroad after all), but I am amazed sometimes that ex-communist countries can be more "capitalist" in their economic policies than the "Great West"...as far as I know Isarescu didn't bail out Romanian banks, innit??
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DodgyAgent replied

6 November 2008, 18:00
Originally posted by Viktor View Post

BOE has just dropped rates to 0%...Dollar just went at par with the pound and Swindon is invaded with loads of American tourists looking for property bargains...

New Labour decides to adopt the euro as this might help the economy..."Gordo saves UK PLC by joining the euro" new Daily Mail headline...and DP posts another thread of course

HTH

And the Romanian Leu is not exactly storming ahead is it Viktor?
We can still get cheap holidays in Constanta
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Viktor started a topic UK, Anno Domini 2010

6 November 2008, 17:15
UK, Anno Domini 2010

BOE has just dropped rates to 0%...Dollar just went at par with the pound and Swindon is invaded with loads of American tourists looking for property bargains...

New Labour decides to adopt the euro as this might help the economy..."Gordo saves UK PLC by joining the euro" new Daily Mail headline...and DP posts another thread of course

HTH
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