Tuesday, July 17, 2007

 

Prediction of the Day

US house prices will drop by 8 per cent between 2006 and 2008 ... exceeding the record peak-to-trough drop of 6.5 per cent between 1991 and 1992. —Standard & Poor's, as quoted in "Dollar plunges to fresh lows"

A further blow to the middle class.

Meanwhile on Friday the euro reached a record high against the dollar of $1.3813, and the British pound reached a 26-year high. That second home in Spain is looking more and more unaffordable.

Related posts
Something you should know about your dollars (9/24/04)
Buying a used Mercedes (2/8/05)
Happy days are here again (11/04/05)
"First" of the Day (4/11/07)
Headline of the Day (4/24/07)

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