house inventory, held by default by the jolly busted banks, who lent to the greedy stupid senseless developers, is being passed on by the banks new found estate agencies, set up for the purpose to unload with 100% mortgages to any one with a job and 'secure' income. the odd foreign buyers appear here and there too. all in tho, still pretty dead. my business contacts say things have gotton much worse since the little pick up experienced towards last yr end. sucicidal is the word.
imo, the euro will drop to 1.15 v the usd. then eu exports will get better. the eu workers will start holidaying in the med countries. pensions will be means tested. civil servants will be cut and very few, if any new ones employed. we'll not die. starve maybe but die shall we not.
the many banks will eventually be stuffed into fewer and many laid off. we'll need to rid of our 'mr bean, zapatero' first tho.
be good,
40.
INE Price at posting:
60.5¢ Sentiment: Hold Disclosure: Held
