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Old 09-20-2007, 04:46 AM   #12
oblioman
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Join Date: Jun 2004
Location: Someville TN
Posts: 4,570
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Quote:
Originally Posted by MikeRox View Post
I hope you're right, but the state of our economy (the strong £ against the $ is really having a serious impact now) combined with the US crisis as a lot of money has gone from our economy into US banks to keep their funding up for loans etc. which has in turn led to there not being enough money on the market for some of our banks to use to fund existing loans they have. (Read about Northern Rock and now Alliance and Leicester in UK news for more info on this).

Interest rates have also gone up again, and we're approaching the first winter since Gas and Electric rates rose by 80% so mortgage repayments and the like have shot up in price. HDTVs are one of the first markets that are going to be hit by this. Unless they get the PS3 RRP down pronto I think that is also going to suffer a poor xmas run over here.

As for our Broadband, much smaller country, a lot easier to sort out it's in a poor state bandwidth-wise but the optical upgrades over the next 5 years should sort most of that out.
Me be sorry to say that me has to agree with you. Our national debt has reached a ceiling that we will be passing on to our grandchildren. Me daily mail has 3-6 credit card offers in it. Television and info-mercials constantly bombard the public with new "flexible" mortage rates. People to soon forget what Ronald Ray"guns" and his fiscal policy did to the United States (22% interest, S&L crisis, Banks folding, farmers forced out of business)- but after what Gigi Bush has done - we be back in the same hole.
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