Quote:
Originally Posted by iain
Well if the power of positive thought works we should be OK. Don't let's kid ourselves though - this is a World problem not just USA and UK. Problem is that the most valuable commodity of all is confidence and that will take a while to come back.
Meantime investment and general spending will suffer badly and money is like the blood in our veins, if it stops circulating in the sytem we are in trouble.
I don't worry about Egypt at the moment too much, but it will be affected (workers remittances, suez canal dues, oil and gas prices which are falling again (petrol down to £1.02 near me was £1.20) and tourism will be hit with lack of money and airfares (wherever the tourists come from).
Still. it's better to worry about this lying in the sun by a pool in Egypt.....
Keep optimistic but also keep real!
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Hi Iain
I really feel the pain for you guys paying all that money for fuel; its still only 17p a litre here in good old Egypt!
Of course there is an element of truth in what you say; we are Estate Agents so we have to look at the bright side.
However, on the other side of the coin, the market here really is still bouyant but with most buyers coming from Eastern Europe and the Middle East. This is good for everyone who has invested here because demand is still high and prices are still moving up and for sure raw materials will continue to increase.
Definately not a good time if you need to borrow money to finance your purchase though but again a great place to protect your cash if you are worried about leaving it in banks.
Even in a Global crisis there are always pros & cons.