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  • Property-a-holics

    Buy or wait for UK home?

    What a life! Why in heck are you coming back to blighty?! lol. I'm trying to sympathise with you but I can't haha.

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    One other point just as Sterling has come under pressure recently, the dollar could collapse as economic conditions state side deteriorate with $200 trillion deficit having to be financed. Has been suggested that USA could default on interest payments as the deficit growths even higher.

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    The irony is, if you look at what happened in 2008 the sub prime mortgage issue was an American issue and an american crises, the source of the global recession, and yet the dollar got stronger and currencies weaker. Which kind of goes against what I would have expected.

    My reasoning behind it was that major institutions were rushing to buy gold, (which is valued and denominated in USD), so they had to sell foreign currencies and buy dollars as cheaply as tehy could to then acquire the gold.

    Just a theory, and if history is likely to repeat itself... There  could be a surprise there.


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