"Andrew" wrote in message
...
In article , Andy Hall
writes
On Sun, 4 Jan 2004 12:48:16 -0000, "IMM" wrote:


The economy is booming, the pound
is almighty strong,

This is not necessarily helpful.

I suppose poverty and deprivation is. What world do you live in?

The real one.

Have you ever heard that a strong currency leads to more expensive
exports?

The pound is not strong against the Euro, but the dollar is temporarily
very weak - that's great for the US, bad for the rest of the world.
Like Britain, Americans are spending more borrowed money that they can
afford.

I assume you refer to this consumer debt. 80% is people paying mortgages to
put a super expensive small roof over their heads. Land ownership and
availability for building is the core of this.


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