Monday, March 31, 2008
Why are the British media not covering this???
The pound fell to a record low against the euro, posting its biggest-ever quarterly decline, after an industry report showed U.K. house prices slipped for a sixth month in March. ...I wouldn't mind so much, but house prices have dropped by 0.6% or something like that and sterling has dropped by almost 20% against the Euro, but 0.6% gets the headlines and no-one I speak to in the UK has a clue about the state of sterling..now that is a conspiracy of silence. The information, I mean lack of information 'war' is in full effect. I am also amazed by the speed of the decline. saw an economist predict 1.25 euros to the pound as a bottom by august/ september 2008...we're there already.