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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (67832)	8/19/2005 4:52:24 AM
From: shades	Read Replies (1) \| Respond to of 74559

prudentinvestor.blogspot.com Analyzing financial and political news permanently I want to share my insight with those who understand that we approach an era of global redistribution of wealth. The US-European centrist approach will not work much longer. Five billion people in the developing countries will demand their fair share of the world's resources. Travelling with my teenage daughter the bill never contained much more than a pint of beer, water and two main courses. Indian restaurants will set you back roughly 25 British Pounds or 45 USD. Go to a pub and you will end up with a bill of roughly 30 GBP or 54 USD. Eat in a restaurant and 50 GBP or 90 USD are the minimum you will get away with. And I am not talking of city center hang-outs but only places off the beaten track. Bed & Breakfast can run from 50 GBP or 90 USD for a nice place in West Scottish Kirkcudbright with en-suite baths and a magnificent breakfast to a 60 GBP or 109 USD for a dirty twin room without bath in Inverary. While prices between England and Scotland don't vary that much the scenery certainly does. Anecdotal evidence only; but I estimate that at least 15 percent of the properties we passed on our drawn-out ride displayed a "For Sale" sign. This rate declines to approximately 10 percent the farther north one travels. Despite the most recent cut in British interest rates people seem keen to get rid of their houses. Maybe the record number of personal bankruptcies that was reported in the Financial Times two weeks ago has got to do something with it.