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gruffydd

As Ukraine Confrontation Builds, What Effect On House Prices?

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Beginning to feel incredibly nervy about situation in the east... confrontation is building... a nuclear confrontation is not out of the question... what impact on house prices? Actually, perhaps house prices should be last thing on our mind. Disturbing stuff: http://www.ronpaulinstitute.org/archives/featured-articles/2014/december/04/reckless-congress-declares-war-on-russia/

This just gets worse day by day... the neocons are still in charge, so it seems... and they will lead us to hell... http://www.cityam.com/1416196316/crude-conspiracy-saudi-arabia-s-oil-war-about-far-more-economics

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Why are you looking for logic when dealing with human behaviour.

The Saudis and OPEC can no longer control oil prices, the only thing the Saudis could do is decrease production that may/would firm the market but how would that benefit them exclusively.

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Nuclear war is always out of the question. Thats why we have nuclear arsenals.

Seriously, the whole Ukraine thing is a media circus, nothing more. A few wannabe paramilitary kids in adult bodies who like destroying (empty) buildings.

Real wars have thousands of civilian deaths. Hardly any normal Ukrainians have died in this 'war'

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Seriously, the whole Ukraine thing is a media circus, nothing more. A few wannabe paramilitary kids in adult bodies who like destroying (empty) buildings.

In military terms, perhaps, it is exaggerated.

In economic terms, however, I think the situation will have an enormous effect on the EU, which is already battling deflation. Most EU countries managed only minimal GDP growth last year . . . and Germany the lowest increase of all. The amount of money needed to keep Ukraine 'onside' . . . afloat even . . . will suck billions from other stimulus programs.

The 'hit' on the rouble has been almost too successful, relieving Russia of the need to invoke many more sanctions. Exports of everything from German cars and IKEA furniture to Lithuanian beetroot just won't figure anymore. It is significant when the line between recession and recovery is only .2 percentage points.

I have been living in Cyprus and Southern Italy recently . . . both areas of Eurozone minus growth. Property prices have tumbled in both for various reasons and certainly the Ukraine/Russia situation will only affect them negatively. I am currently renting a 2 bedroom apartment in Cyprus, with pool and beautiful sea views for just 260 Euro a month, including water, communal charges and Internet.

I have no idea about UK, but certainly the Eurozone should go back into recession - Italy is heading for triple dip.

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