View Single Post
Old 3rd Jan 2014, 04:27
  #3490 (permalink)  
Hardly Never Not Unwilling
Join Date: Aug 2000
Location: USA
Posts: 481
I read also of sparks of life in the Spanish real estate market, where bargain hunters are scooping up Costa del Sol properties at distressed prices. That's how markets should work. Smart people, I think, save some monetary powder for making serious gains when all seems to be lost.

Somehow the Euro holds its $1.35-1.40 range. I don't see a basis for that, absent central bank contrivance to keep it that way. It might last a while, but politics change and the inevitable happens at some point, who knows when? I'm convinced the Euro concept is broken, as I have been for years. It just doesn't work for the productive people trapped in it.
BenThere is offline