In a matter of a month the virus had crossed the atlantic
In a matter of a month the virus had crossed the atlantic and the UK property market caught the same cold as its never ending climb stalled under a realization that prices were not a never ending staircase. This was something hr-screw that had not been seen for nearly a generation of home-owners and was 1989 since the fears of mortgage debt being higher than property value had reared their ugly head. Oil, gold, even wheat seems preferable. The US economy is brinking on recession, although we have yet to see one quarter of negative growth ( the definition of recession is two quarters of negative growth). Unsurprising really as up to 65% of Spanish property on the coastline of Spain was bought by UK residents looking to invest in a place in sun. A democrat win in November and a cut in European interest rates however may produce a combined effect that would ease pressure on the dollar. The good will feeling normally felt following any election would stimulate the economy in the state...