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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (29730)	5/10/2005 10:52:28 AM
From: Tommaso	Read Replies (2) \| Respond to of 116555

I find it hard to believe that England's financial position has justified the expense of staying in London over the last few years. That is, I think the pound has been overvalued, even with respect to the U. S. dollar, so that London has become about the most expensive city in the world to stay in. I just don't think Britain is really that strong economically. So whatever dim view I may take of American prospects, I think Britain is going to be worse off. I know this is just a tourist perspective, but to be expected to spend over $100 a night for a hole in the wall that you can hardly turn around in is ridiculous. And to pay up to $10 for an egg salad sandwich in a museum cafeteria is even worse. New York hotels are expensive but at least you can take off your undershirt without hitting your wife in the eye with your elbow, and if you eat in the excellent diners, meals are outright cheap in New York City.