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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (15506)	2/18/2009 3:04:51 PM
From: guerilla	Read Replies (1) \| Respond to of 50466

regarding the part you quote about the eurozone, the new bulletin has some very interesting and contrarian observations. they point out that despite the construction that has occurred since the end of soviet rule in eastern europe, there is still substantial need for both residential and commercial real estate there and that the properties in question can be sold at reasonable prices somewhat lower than today's. on the other hand, there is a good deal of american residential and commercial real estate which was built recently which will be difficult to sell except at extraordinarily low prices. this is one reason that the situation in the eurozone is not as dire as that in the u.s., despite what people are saying these days about europe. they believe that the euro, the yen, and the yuan have better prospects than the u.s. dollar, the british pound, and the swiss franc.